In relation to the law of contract distinguish between the terms 'offer' and 'invitation to treat'. - Leaving Cert Business - Question 2 - 2008

An offer is a definitive promise made by one party to another, signifying an intention to be legally bound by a contract, provided the offer is accepted in accordance with its terms. It creates a legal obligation upon acceptance, and the offeror must honor the promise if accepted.

On the other hand, an invitation to treat is not an offer. Rather, it is an indication that one party is willing to negotiate the terms of a contract. It serves as an invitation for others to make offers. For instance, goods displayed in a store represent an invitation to treat, with customers making offers when they approach the checkout with items.