Colombian Commercial Code - Decree 410 of 1971 - Book IV - Of Contracts and Corporate Obligations - Part I - From Corporate Obligations - Title I - General Obligations - Chapter III - Bid or Proposal - From: Section 845 Al : Art 863
COLOMBIAN COMMERCIAL CODE CHAPTER III Bid or proposal Article 845 .- The offer or proposal, that is, the draft legal act that a person makes to another, must contain the essential elements of the business and be communicated to the recipient. It is understood that the proposal has been sent when using any suitable means to make known the recipient. Article 846 .- The proposal will be irrevocable. Consequently, once connected, you can not retract the bidder, failing to compensate the damages caused to its revocation to the recipient. The proposal retains its binding force even if the proposer dies or becomes incapacitated in the mean time between the issuance of the offer and its acceptance unless the nature of the bid or the bidder will be deducted contrary intention. Article 847 .- Offers of goods, indicating the price, aimed at people not determined, circulars, leaflets or any other similar kind of written propaganda will not be mandatory for him to....