A' asked 'B', "I want to purchase your bike. What will be the cost"? 'B' replied that the cost will not be less than Rs. 20,000. 'A' was interested to purchase it for Rs. 20,000. Which one of the following statement is correct?
A. There was a proposal which was accepted
B. There was neither a proposal nor an acceptance
C. There was proposal but no acceptance
D. There was a counter offer which was accepted
Answer: Option C
This Question Belongs to Law >> Indian Contract Act
Indian Contract Act:- Gods displayed in showcase of a shop with price tag is -
A. Invitation to offer
B. Counteroffer
C. Communication
D. None of these
A. Is available to Y's representatives alone
B. Is available to Z alone
C. Is available to Y's representatives & Z both
D. Is available to Y's representatives & after the death of Z, his representatives
Moses v. Macferlan (1555-1774) is a case relating to
A. Theory of unjust enrichment
B. The right of lien
C. Test of agency
D. Doctrine of frustration
A. The active concealment of a fact by one having knowledge or belief of the fact
B. A promise made without any intention of performing it
C. The suggestion, as a fact, of that which is true, by one who does believe it to be true
D. None above
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