Indian Contract Act:- Gods displayed in showcase of a shop with price tag is -

Solution (By Examveda Team)

First, let's define the key term: Offer. In contract law, an offer is a clear, definite, and unconditional proposal made by one party (the offeror) to another party (the offeree) indicating a willingness to enter into a contract on specified terms. The offer must be capable of being accepted to create a legally binding agreement.

Invitation to Offer: This is a communication that indicates a willingness to negotiate or receive offers. It's not an offer itself; it merely invites others to make offers. Examples include advertisements, price lists, and displays of goods in a shop window.

Correct Answer: A - Invitation to Offer
The gods displayed in the shop's showcase with price tags are an invitation to offer. The shopkeeper is inviting customers to make offers to purchase the gods. The price tag indicates a suggested price, but the shopkeeper is not obligated to sell at that price. A customer makes an offer when they approach the shopkeeper and express their willingness to buy a particular god at the displayed price (or perhaps a negotiated price). Only when the shopkeeper accepts this offer does a contract come into existence.

Why other options are incorrect:
B - Counteroffer: A counteroffer is a response to an offer, proposing different terms. In this scenario, the display is not a response to a prior offer.
C - Communication: While the display is a form of communication, it's not a legally significant communication in the context of contract law until a customer makes an offer.
D - None of these: This is incorrect as option A accurately describes the legal nature of the situation.