Which of the following is the first step in the formation of a contract?

proposal promise agreement 1 or 2

proposal

The offer or proposal is the first step in the formation of a contract. When one person signifies to another his willingness to do or not to do certain things, it is called an Offer (Section 2(a) of ICA). The person making the proposal or offer is called the offeror and the person to whom the offer is made is called the offeree. The offer given must be with an intention to create a legal relationship. An offer when accepted becomes an agreement. An agreement is also called as promise