What is a –CONTRACT?
At last I received that much long awaited sms. I called my brother
immediately to share the news ! He is a lawyer.
“Hi, I have got the orders for joining PNB…Gandhipuram branch”
“Congrats…but ...my friend’s sister didn’t receive any orders.” as usual my brother was worried about his friend’s sister.
“I got a sms from the bank.” I exclaimed.
“Fool…sms is information. It is not an order or offer letter.” Instead of appreciating me and guiding me, he shouted at me angrily.
“What is an offer? I don’t know .With this sms shall I go to the branch and join now?” I again asked.
My brother barked “No…you can’t. You have to give ‘yes’ to the appointment to accept the contract. I will explain you .First receive the offer letter. Then talk to me” I think he started to forget his friend’s sister. I also thought what a contract is.
Yes. Bank’s offers of job are also contracts. They give you a salary. In turn you have to do the job.
Contract means agreement.
An agreement always has minimum two parties or more than that:
1. Proposer/promisor (in this case bank which makes the offer).
2. Promisee (you who accepted the job for a salary)
If I accepted the job without anything in return, can it be an agreement? No, it can’t be a VALID CONTRACT.
There must be some consideration-something in return to each other- in a valid contract.
Contract=Agreement=offer by a proposer + acceptance by another person
Consideration is the binding factor on all sides. It is a must.
Bank offers a job. Consideration is salary.
You say “ok” to it. Accept it. The consideration, in return on your part, is to do the job perfectly.
Accept it. Enjoy a life full of happiness!
“Hi, I have got the orders for joining PNB…Gandhipuram branch”
“Congrats…but ...my friend’s sister didn’t receive any orders.” as usual my brother was worried about his friend’s sister.
“I got a sms from the bank.” I exclaimed.
“Fool…sms is information. It is not an order or offer letter.” Instead of appreciating me and guiding me, he shouted at me angrily.
“What is an offer? I don’t know .With this sms shall I go to the branch and join now?” I again asked.
My brother barked “No…you can’t. You have to give ‘yes’ to the appointment to accept the contract. I will explain you .First receive the offer letter. Then talk to me” I think he started to forget his friend’s sister. I also thought what a contract is.
Yes. Bank’s offers of job are also contracts. They give you a salary. In turn you have to do the job.
Contract means agreement.
An agreement always has minimum two parties or more than that:
1. Proposer/promisor (in this case bank which makes the offer).
2. Promisee (you who accepted the job for a salary)
If I accepted the job without anything in return, can it be an agreement? No, it can’t be a VALID CONTRACT.
There must be some consideration-something in return to each other- in a valid contract.
Contract=Agreement=offer by a proposer + acceptance by another person
Consideration is the binding factor on all sides. It is a must.
Bank offers a job. Consideration is salary.
You say “ok” to it. Accept it. The consideration, in return on your part, is to do the job perfectly.
Accept it. Enjoy a life full of happiness!
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