Define the term 'proposal'. Explain with illustration the rule regarding valid proposal . The whole process of entering into a contract starts with a proposal or an offer made by one party to another. To enter into an agreement such a proposal must be accepted . Agreement is one of the essential element of valid contract. An agreement is made with the help of offer and acceptance so offer is the first and foremost requirement of agreement . The term offer has been taken from English law it has been define by various persons among them few and important are :- According to Halsburry, "An offer is an expression by one or a group of person made to another his willingness to be bound to a contract the term & conditions. However, the firm 'offer' has not been define anywhere in Indian law there is another word 'proposal' which is synonym to offer. Both the word have some meaning. According to the Indian Contract Act 1872,...