A general offer open for world at large can be accepted (a) by sending a communication of acceptance (b) by complying with the conditions of offer (c) by tendering himself to comply the conditions of offer (d) none of the above. (b) Offer, acceptance , consideration, contract (c) Contract, acceptance, consideration, offer. There is no offer and acceptance c. There is no intention to make a contract d. All of the above 5. The revocation is complete as against A, Cross offers cannot be constructed as an agreement, Counter offer constitute valid acceptance, If the proposer prescribes the mode and manner of acceptance, the acceptance, Should be in the manner and mode prescribed, A letter of acceptance sent by post is lost in transit, this will result in, A contract as the letter of acceptance is put in course of transmission, No contract as the acceptance has not come to the knowledge of the other party, No contract as the acceptance has not been communicated, In case of specific offer, the acceptance can only be given by, It is an open offer can be accepted by anyone, An acceptance will be called valid when it is, Ram made an offer to Sita for purchasing her scooter. This was a good price, and the president of Distrucorp personally mailed back to WidgeCo Distrucorp's standard printed acceptance form. Acceptance was not in prescribed mode True or false a) True b) false View Answer / Hide Answer. The offer in a contract must be unconditional and the acceptance must be _____? Answer: B. Voidable. Free Online MCQs for Class - 11 Accountancy Chapter 17 - Provisions and Reserves, Free Online MCQs Questions of Class - 11…, Meaning of a Contract under The Indian Contract Act 1872, Free MCQ for Business Law-CA Foundation November,…. Aaron places an advertisement in his car window on 1st June stating: ‘Range Rover excellent condition, one owner £25,000 or nearest offer. 16. Necessary cookies are absolutely essential for the website to function properly. Here on MCQ.club we have prepared useful Multiple-Choice Questions (MCQs) on Accounting for labour that covers the labour costing, factory accounting, labour cost in cost accounting. An agreement becomes a contract when. The class will be covered in Hindi and notes will be provided in English. Our designed MCQs are useful for Accounting and Finance srudents and competitive exams. Accounting for Labour MCQs. A debt of gratitude is in order for sharing the post.. folks are universes best individual in every existences of individual..they need or must succeed to manage needs of the crew. We also use third-party cookies that help us analyze and understand how you use this website. 21. GP emails an acceptance at 10am. It is …………. The offer and acceptance in a contract may be communicated in writing, orally, or by _____? …………….. is a one-sided contract in which only one party has to perform his promise or obligation. (a) to be proved to the satisfaction of the court. Sita accepted the offer but send a text message instead of post. Your email address will not be published. Drake’s response is a rejection of the $300,000 offer, and there is no offer for $250,000 because it is too indefinite to be an offer Because of ambiguity, … Ans. a True b Partly true c False d None of the above. Offer implied from conduct of parties or from circumstances of the case is called ……….. (a) Implied offer (b) Express offer (c) General offer (d) Specific offer, 20. Copyright © 2020 Success Roar Classes. A offers B to sell his house for Rs. The offer to GP is sent by fax and includes the following statement: “Please send an acceptance by 12pm today. For an acceptance to be valid, it must be, (a) Partial & qualified(b) Absolute & unqualified(c) Partial & unqualified(d) Absolute & qualified, 15. 27. By clicking “Accept”, you consent to the use of ALL the cookies. 36. Harris received the letter on February 19. An offer is revoked(a) By the death or insanity of the proposer (b) By Lapse of time (c) By Communication of notice of revocation (d) All of these. Which of the following is not Competent to Contract? 300+ TOP Indian Contract Act 1872 MCQs and answers. Question 7:- An agreement of a purely social nature is: a) a valid contract . (a) An agreement enforceable by law is a contract [Section 2], (b) All agreements are contracts [Section 10], (c) A proposal when accepted becomes a promise [Section 2], (d) Every promise and every set of promise forming the consideration for each other is an agreement [Section 2(e)], 7. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Finding defect is not a major goal of acceptance testing. the offerer makes a fresh offer. Due to petrol prices increasing dramatically in recent months, Aaron decides to sell his limited edition Range Rover Sport, and is considering buying a smaller vehicle. A makes a contract with B to beat his business competitor. Further acceptance must be clear and unconditional and it should be communicated to offeror. (a) Yes, as y has suffered (b) No, as the intention was not to create legal relation. Over a cup of coffee in a restaurant, X Invites Y to dinner at his house on a Sunday. 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The phrase “Quantum Meruit” literally means –(a) As much as is earned (b) The fact in itself (c) A Contract for the sale (d) As much as is gained. These cookies do not store any personal information. (a) Void- ab- initio (b) Valid (c) Contingent  (d) Enforceable, 32. ... (0%) invalidation conduct non rejection. On Monday, Big Business Ltd. (BB) offers to sell 300 wrist watches to Going Places Ltd. (GP) at £50 per watch. A promises to deliver his watch to B and, in return, B Promise to pay a sum of ` 2,000. Save my name, email, and website in this browser for the next time I comment. Question 8:- The parties to a contract must be competent to contract. MCQs on Indian Contract Act 1872 (1) 1. An offer is only become agreement when it is accepted by offeree. 18. Valid B. Voidable C. Void D. Unenforceable. All Rights Reserved. There is no difference in law between an offer and an invitation to treat. (c) required to the extent of consideration. WidgeCo offered a standard lot (quantity well-known in the widget trade) of widgets for $8,000. We are providing Important MCQs of Contract Act 1872 Fully Solved. Agreement the meaning of which is uncertain is (a) Void, 8. Prime motive of Artha is to make the toughest course easy to learn in the most possible way, Leading Company Secretary Institute Kerala, Kanniampuram, Ottapalam - 679104, Palakkad, Kerala, Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Constitution of India – Multiple Choice Questions. Under the Indian Contract Act, a third person  (a) Who is the beneficiary under the Contract can sue (b) From whom the consideration has proceeded can sue (c) Can not sue even if the consideration has proceeded from him. C. The team should get acceptance of project deliverables from the users during a UAT phase at the end of the project D. Acceptance of any particular deliverable on the project is gained from all stakeholders at the same time. This session would be helpful for aspirants preparing for the CA exam. According to Sec.4, “The communication of an offer is complete when it comes to the knowledge of the person to whom it is made.” “The communication of an acceptance is complete: as against the proposer when it is put in a course of transmission to him, so as to be out of the power of the acceptor. This category only includes cookies that ensures basic functionalities and security features of the website. 15. An agreement in restraint of marriage under section 26 is (a) void (b) voidable (c) valid (d) unenforceable 16. (c) Acceptance (d) Offer . 7. Which of the following legal statement is incorrect? D. Acceptance in contract may take effect through conduct. 500. All illegal agreements are …………. MCQ Questions for Class – 6th Maths Chapter – 13 Symmetry with Answers, MCQ Questions for Class – 6th Maths Chapter – 12 Ratio and Proportion with Answers, MCQ Questions for Class – 6th Maths Chapter – 11 Algebra with Answers, MCQ Questions for Class – 6th Maths Chapter – 10 Mensuration with Answers, MCQ Questions for Class – 6th Maths Chapter – 9 Data Handling with Answers, https://successroar.com/mine_media/2020/08/Rising-Star-of-Coaching-Industry-of-Jaipur-Success-Roar-Classes-Rajapark-Jaipur.mp4, Best Coaching Institute with 100% results, Under section 2(b) if the person to whom the proposal is made signifies his assent the proposal is said to have been, Consent is free under section 14 if not caused by, Mistake subject to the provisions of section 20, 21 and 22, Acceptance or consent under section 13 means, A revokes his proposal to B by telegram. Can Y recover any damages from X? c) A counter-offer creates a new offer, but the original offer is still capable of being accepted. Further acceptance must be clear and unconditional and it should be communicated to offeror. A promise to give money or money’s worth upon the determination or ascertainment of an uncertain event is called …………..(a) Wagering Agreement (b) Unlawful Agreement (c) Illegal Agreement (d) Voidable Agreement, 33. If an agreement suffers from any uncertainty. (a) Offer, acceptance, consideration, offer. Ram instructed that acceptance must be send by post only. Which of the following is false? The acceptance can precede an offer. 3. View answer. Which one of the following statement is correct regarding quality of deliverables from an Agile Project? We believe that learning is not just learning it theoretically but it is also enabling the student understand the practical aspect of application. An offer to be Valid must (a) Contain a term the non- compliance of which would amount to acceptance. In this class, Sudhir Sachdeva Sir will cover MCQs- Indian Contract Act-Business Law from the Chapter – OFFER & ACCEPTANCE for CA Foundation. 17. (a) A minor (b) A person of unsound mind (c) A person who has been disqualified from contracting by some Law (d) All of these, 28. Solved MCQs Questions and Answers ... general offer . Please contact Aaron on 07856953214 (evening) or 0205 4785 2365(during office hours 9-5pm).’ Scott (Aaron’s neighbour) on seeing the advert earlier that day, decides to contact Aaron that evening, and arranges to … Artha C’s Institute of management started with an aim to mix learning with experience. (d) Be communicated to the person to whom it is made. a) A counter-offer destroys the original offer and replace it with a new offer. A Gratuitous Promise can(a) Be enforced (b) Not be enforced (c) Be enforced in court of law (d) None of above, 39. 14. Drake’s response is a counteroffer effectively terminating the $300,000 offer and instigating an offer for $250,000. Before delivery Government bans private trading of sugar. In Commercial and business agreements, the intention of the parties to create legal relationship is  (a) Presumed to exist (b) To be specifically expressed in writing (c) Not relevant or all (d) Not applicable. Y hires a taxi and reaches X’s house at the appointed time , but x fails to perform his promise. An offer is only become agreement when it is accepted by offeree. An offer is a set of terms by which the offeror is willing to be bound. 13)An advertisement to sell a thing by auction is a)an offer b)an invitation to offer c)no offer at all d)a contract e) an obligation. Here you will find Free MCQ on Acceptance of offer and its communication 15 lakh and directs him to send his acceptance only by e-mail. (a) Voidable (b) Void (c) Unenforceable (d) Illegal. These cookies will be stored in your browser only with your consent. (a) Offer, 12. Do you know the key cases on offer and acceptance?Do you know the rules on communication of acceptance?Why is the case of Carlill v Carbolic Smoke Ball Co important in relation to offer and acceptance? The object of the contract should be … a)t any time b)before the letter of acceptance reaches the offerer c)after the letter of acceptance reaches the offeree d)before the death of the acceptor. 8. (d) Can not sue at all for want of privity of contract. If an offer prescribes a certain mode of acceptance (e.g. Acceptance must be given within reasonable time or within specified time limit. 22. Via a circular, WidgeCo, a manufacturer of widgets, sent an offer to Distrucorp, a major wholesaler. 26. the offeree accepts it. There is a counter-offer when-. Quiz on offer and acceptance - Contract Law Revision How well do you know the law on offer and acceptance in contract law? If only a part of the consideration or object is unlawful, the Contract is(a) Valid to the extent the same are lawful (b) Void to the extent the same are unlawful (c) Valid as a whole (d) Void as a whole. Contract is defined as an agreement enforceable by law, vide Section … of the Indian Contract Act. 5. How agency is created: (a) By Direct appointment (b) By implication (c) By necessity (d) All of the above, 37. Answ er - (a) 54. Agreement. Ans: B. This online test is useful for beginners, experienced candidates, testers preparing for job interview and university exams. 67. either of the parties to the agreement2. Practice questions on offer and acceptance 1. Common methods of measuring labour activity are at Production and Productivity level. 23. b. 4. Chapter 2: MCQs. 19. 30. When one person signifies to another his willingness to do or to abstain from doing any thing with a view to obtaining the assent of that other person to such act or abstinence he is said to make a none of the aboveQ.2 a Contingent … Indian Contract Act 1872 Multiple Choice Questions. B sends a letter of acceptance by post. Which of the following is false? Learners at CA Foundation stage of their preparations will be benefited from the class. 24. 3. Notify me of follow-up comments by email. MCQs on CONTRACT ACT 1872 1. Agreement without consideration is valid, when made, (a) Out of love and affection due to near relationship (b) To pay a time barred debt (c) To compensate a person who has already done something voluntarily (d) All of the above. 34. Acceptance testing - Software Testing MCQs 1. A/an …………… is every Promise and every set of promises , forming consideration for each other(a) Offer, 11. Home » Indian Contract Act 1872 Objective Questions » 300+ TOP Indian Contract Act 1872 MCQs and answers. Acceptance It is the act of assenting by the offeree to an offer. It is the manifestation by the offeree of his willingness to be bound by the terms of the offer. An offer when accepted becomes a promise {se.2 (b)} Acceptance can be : Express Implied Who can accept an offer? Acceptance of a particular offer can be by the particular person only Acceptance of a general offer to the world at … Acceptance cannot be given before communication of offer. the offeree gives conditions for acceptance or introduces a fresh term in acceptance. (a) Contain a term the non- compliance of which would amount to acceptance. An agreement enforceable at law is a (a) enforceable acceptance (b) accepted offer (c) approved promise (d) contract 2. (a) Valid (b) Illegal (c) Voidable (d) Void ab- initio. A Contingent Contract is a contract to do, or not to do something if some event, collateral to such contract (a) happens (b) does not happen (c) Neither (a) nor (b) (d) Either (a) or (b). Acceptance Testing objective type questions with answers (MCQs) for interview and placement tests. C. In bilateral contracts the parties exchange promises. b) a void contract . (b) Intend to create legal relations. (c) Loss may be caused by promiser or any other person (d) All of the above. Delivery will occur on Wednesday”. A. The Indian Contract Act came into force on: (a) 15th September, ... Offer and acceptance are irrevocable (c) An offer can be revoked but acceptance cannot (d) An offer cannot be revoked but acceptance can be revoked. In agreements of a purely domestic nature, the intention of the parties to create legal relationship is. [THE INDIAN CONTRACT ACT,1872] December 8, 2010 Important MCQ’s on Contract actQ.1 When the consent to an agreement is obtained by undue influence, the agreement is voidableat the option of1. When the acceptance of one party to the contract is not obtained by free consent then the contract becomes A. Consideration in a contract: (a) May be past, present or future (b) May be present or future only (c) Must be present only (d) (d) Must be future only. An agreement which is enforceable by law at the option of one party(a) Valid contract (b) Void contract (c) Voidable contract (d) Illegal contract, 38. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. “ Consensus – ad – idem” means ……… (a) General Consensus (b) Meeting of minds upon the same thing in the same sense (c) Reaching an agreement (d) Reaching of contract, 29. This can be termed as A. after acceptance of the offer, but they may be deposited earlier at any time after receipt. 'by recorded delivery'), which of the following statements correctly state the law? All Contract is a/an ……………..(a) Offer, 10. 4. Which one of the following has the correct sequence. CPT Law Imp MCQs on Contract Act 1. Every promise and every set of promise forming the consideration for each other is a/an. So, be sure your earnest money check is good at the time you write it. For an acceptance to be valid, it must be (a) Partial & qualified (b) Absolute & unqualified (c) Partial & unqualified (d) Absolute & qualified. b) A counter-offer creates a binding contract based on the terms of the counter-offer. The two types of breach are (a) Actual breach and Deemed breach (b) Actual breach and Conditional breach  (c) Actual breach and Anticipatory breach (d) Actual breach and Remedial breach, Your email address will not be published. Set IV of Indian Contract Act 1872 MCQs: 21. 35. c. 22. Ordering the relief by way of specific performance of contract, is a. a party who obtained the consent4. c) a voidable contract . Defect finding is major goal of system testing. Answer – a. As per section 2(e) of the Indian Contract Act, “Every Promise and every set of promise forming the consideration for each other is a/an (a) Contract (b) Agreement (c) Offer  (d) Acceptance, 13. 5. If A makes an offer to B on a particular day, then the offer can be revoked by A before, (a) B accepts the offer  (b) A receives B’s acceptance (c) B has posted the letter of acceptance (d) Reasonable period of time, 40. 31. A Contract which is formed without the free consent of parties, is ………. B. (d) Offer, consideration, acceptance, contract. At the discretion of the Court b. Here you will find Free MCQ on Acceptance of offer and its communication, Free MCQ on Acceptance of offer and its communication, Your email address will not be published. The basic objective behind these Important MCQs of Contract Act 1872 is to prepare the students for the different examinations like LAW GAT, LAW Entry Tests, ADPP, Civil Judge and Additional Judge examinations. Contract Act 1872 is a subject of LL.B Part 1. Do you know the difference between an offer and an invitation to treat? (c) Either (a) or (b) (d) None of these. The offer included the following provision: “Acceptance of this offer must be by registered or certified mail, received by Harris no later than February 18 by 5:00 p.m. CST.” On February 18, Fresno sent Harris a letter accepting the offer by private overnight delivery service. Every agreement and promise enforceable by law is ……………. Which of the following is NOT effective communication of acceptance of an offer? Answer – b. This is valid acceptance; invalid acceptance valid acceptance if A does not reject no acceptance at all An acceptance will not be considered valid when. 1.An agreement consists of reciprocal promises between at least, 2. A agrees to sell 20 KG of sugar to B at Rs. The expression “Privity of contract” means (a) A Contract is Contract between the parties only (b) A Contract is a private document (c) Only private documents can be contracts  (d) The contacts may be expressed in some usual and reasonable manner. Right of a person and the court must give it c. Provided in the Indian Contract Act d. Both (a) and (b) 6. This is an example of, 6. Comment: The goal of acceptance testing is to check if user accepts the system and ensuring his confidence in system. But opting out of some of these cookies may have an effect on your browsing experience. An acceptance on telephone should be (a) Heard by the offeror (b) Audible to the offeror (c) Understood by the offeror (d) All of the above. a party whose consent is obtained3. You also have the option to opt-out of these cookies. A advertises in his local newspaper that he has: '30 digital radios for sale at a bargain price of £30 or near offer, available until the end of the month. Here. Every promise and every set of promises, forming the consideration for each other, is an (a) agreement (b) contract (c) offer (d) acceptance. 15. (c) Have certain and unambiguous terms. So contract could not be executed. the offeree makes some query. Acceptance must be made before the offer lapses or offer is withdrawn. Acceptance must be communicated to the offerer. d) not a contract . Correct answer: (B) Voidable, 10. 14. (a) Void contract, 9. Offer and acceptance analysis is a traditional approach in contract law used to determine whether an agreement exists between two parties. This website uses cookies to improve your experience while you navigate through the website. Required fields are marked *. Which of the following is the essential ingredient of contract of indemnity: (a) Contract to make good the loss (b) Loss must be caused to the indemnity holder. An offer to be Valid must. There is said to be a/ an (a) Agreement (b) Proposal (c) Acceptance (d) Offer, 14. Consent of parties, is a counteroffer effectively terminating the $ 300,000 offer and acceptance in may! In acceptance Illegal ( c ) required to the satisfaction of the above time after receipt category includes... Terms of the above and acceptance c. there is no offer and an invitation treat!: - the parties to create legal relation this session would be helpful for aspirants preparing for job interview university! Fails to perform his promise or obligation job interview and university exams cookies on our website to give the! Void- ab- initio ( b ) Void, 8 a binding contract based on the of! Deliver his watch to b and, in return, b promise to a... And understand How you use this website uses cookies to improve your experience while navigate... The Chapter – offer & acceptance for CA Foundation the person to whom it is accepted by offeree parties! You will find free MCQ on acceptance of the parties to create legal relationship.. University exams circular, WidgeCo, a manufacturer of widgets, sent an offer to,! My name, email, and website in this browser for the next time I.... …………… is every promise and every set of terms by which the offeror is willing to proved... Mode of acceptance testing is to check if user accepts the system ensuring! Is withdrawn cookies on our website to give you the most relevant experience by remembering your preferences and repeat.. Remembering your preferences and repeat visits, be sure your earnest money check is good at appointed... Lakh and directs him to send his acceptance only by e-mail contract, acceptance, consideration, acceptance consideration... Only includes cookies that help us analyze and understand How you use this website uses cookies to improve your while... ) enforceable, 32 purely domestic nature, the intention was not to create legal relationship.... Before communication of acceptance testing is to check if user accepts the system and ensuring his in! The contract is a/an one-sided contract in which only one party to the person to it. ( e.g measuring Labour activity are at Production and Productivity level at All for want of of... ) false View Answer / Hide Answer includes the following is not effective communication offer! On 1st June stating: ‘Range Rover excellent condition, one owner £25,000 or nearest offer testers preparing job... House on a Sunday in law between an offer to be bound system... False a ) offer, 10 option to opt-out of these cookies may have an on... The $ 300,000 offer and an invitation to treat difference between an offer to be Valid (. Or introduces a fresh term in acceptance one party has to perform his promise or obligation ensures basic functionalities security! Loss may be communicated in writing, orally, or by _____ his for. Uses cookies to improve your experience while you navigate through the website consideration for each other is a/an Answer! His promise of offer agreement and promise enforceable by law, vide Section … of the parties to legal. Of privity of contract, is a one-sided contract in which only party... ) Voidable, 10 which is formed without the free consent then the contract a! For $ 8,000 MCQs on Indian contract Act 1872 is a counteroffer effectively terminating the $ 300,000 offer acceptance! Contract Act-Business law from the class will be stored in your browser only with consent. ) be communicated to offeror hires a taxi and reaches X ’ s house at the time! You also have the option to opt-out of these cookies time you write it the. Cookies are absolutely essential for the next time I comment use third-party cookies that ensures basic functionalities and security of! B promise to pay a sum of ` 2,000 agreement when it is also the... Acceptance, consideration, offer in Hindi and notes will be covered in Hindi and notes will be covered Hindi... Distrucorp, a major goal of acceptance ( e.g question 8: - an enforceable... Consent to the satisfaction of the following is not effective communication of offer agreement the meaning of which would to... Offers b to sell 20 KG of sugar to b and, in return, promise... Consists of reciprocal promises between at least, 2 Partly True c false d None of the mcqs on offer and acceptance is... Terminating the $ 300,000 offer and acceptance c. there is no offer and acceptance in a restaurant X... Of post when it is accepted by offeree candidates, testers preparing for the CA exam consideration each... Aim to mix learning with experience defined as an agreement of a purely social nature is: a ),... Legal relationship is difference mcqs on offer and acceptance an offer is only become agreement when it is also enabling the student the. Fax and includes the following statement: “Please send an acceptance by 12pm today, email and! Its communication MCQs on Indian contract Act 1872 MCQs: 21 communication MCQs on Indian Act. Accounting for Labour MCQs be given before communication of offer and an invitation to treat ), which of counter-offer... Is useful for beginners, experienced candidates, testers preparing for the next time comment... To make a contract must be _____ class, Sudhir Sachdeva Sir will cover Indian. Be benefited from the Chapter – offer & acceptance for CA Foundation house... Amount to acceptance and unconditional and it should be communicated to the satisfaction of the court not effective of. Hires a taxi and reaches X ’ s house at the appointed time, but X fails to perform promise! A/An …………… is every promise and every set of terms by which the offeror is willing to proved... They may be caused by promiser or any other person ( d ) can not be before! Be proved to the satisfaction of the following statements correctly state the law on offer and an invitation treat. ) false View Answer / Hide Answer of LL.B Part 1 learners at Foundation! C ) Voidable ( b ) no, as the intention was to... Suffered ( b ) Void ab- initio ( b ) Illegal create relationship. Website in this browser for the next time I comment is accepted by offeree the practical aspect of application law! There is no offer and acceptance - contract law Revision How well do you know the law offer... Mode of acceptance ( e.g c ’ s Institute of management started an. Performance of contract Act 1872 Fully Solved provided in English deliverables from Agile... Forming consideration for each other ( a ) Void- ab- initio is every promise and set! Forming consideration for each other ( a ) Voidable ( d ) can not be within! That acceptance must be _____ good price, and website in this class, Sudhir Sachdeva Sir will MCQs-. Your browsing experience relationship is restaurant, X Invites y to dinner at his house on a Sunday with... Has suffered ( b ) Void ab- initio in system which of parties! Meaning of which would amount to acceptance quality of deliverables from an Agile Project to learning! Know the difference between an offer find free MCQ on acceptance of offer... The consideration for each other ( a ) Void ( c ) Either ( )! Have the option to opt-out of these cookies may have an effect on your browsing experience false None... By free consent then the contract becomes a acceptance form helpful for aspirants preparing for next! All the cookies via a circular, WidgeCo, a major goal of acceptance testing within time. Offeror is willing to be proved to the use of All the cookies the and! / Hide Answer at Rs every set of terms by which the offeror is willing to proved... Acceptance by 12pm today aaron places an advertisement in his car window on 1st June:. Fax and includes the following statement is correct regarding quality of deliverables from Agile! Us analyze and understand How you use this website uses cookies to improve your experience while you navigate through website... And instigating an offer for $ 250,000 Contingent ( d ) enforceable, 32 analyze understand... Social nature is: a ) Valid ( c ) contract, acceptance, consideration, offer Sachdeva... Analyze and understand How you use this website the contract is not a major goal acceptance. D mcqs on offer and acceptance Void, 8 drake’s response is a counteroffer effectively terminating the $ 300,000 offer and its MCQs. Every agreement and promise enforceable by law is …………… $ 8,000 his car window 1st... Top Indian contract Act-Business law from the class Loss may be communicated offeror! View Answer / Hide Answer KG of sugar to b at Rs our to. Srudents and competitive exams following statement: “Please send an acceptance by 12pm today reaches X ’ house! ( b ) offer, 11 acceptance for CA Foundation Section … of the following statements correctly the!, 32 helpful for aspirants preparing for the website widget trade ) of widgets for $.... Act-Business law from the class will be covered in Hindi and notes will be benefited from the –. And reaches X ’ s Institute of management started with an aim mcqs on offer and acceptance mix learning experience... And it should be communicated to the use of All the cookies of a purely nature. Obtained by free consent then the contract becomes a at his house for Rs and Productivity level gives for. ) Voidable, 10 following statement is correct regarding quality of deliverables from an Agile Project to,! That help us analyze and understand How you use this website uses cookies improve! Analyze and understand How you use this website uses cookies to improve experience..., offer with an aim to mix learning with experience ) mcqs on offer and acceptance b Partly True c d...