Indian Contract Act, 1872

Section - 2 - Interpretation clause

Interpretation clause

2. In this Act the following words and expressions are used in the following senses, unless a contrary intention appears from the context :

(a)- When one person signifies to another his willingness to do or to abstain from doing anything, with a view to obtaining the assent of that other to such act or abstinence, he is said to make a proposal;
(b)- When the person to whom the proposal is made, signifies his assent thereto, the proposal is said to be accepted. A proposal, when accepted, becomes a promise;
(c)- The person making the proposal is called the "promisor", and the person accepting the proposal is called "promisee";
(d)- When, at the desire of the promisor, the .... To read the full section download the app from Google Play store