A', the shopkeeper, has displayed his goods in glass showcase with the price tag prominently visible. 'B' identifies an item form the showcase for purchase and tells 'A' that he is ready to give the price displayed. 'A' realizes that the item did not have the correct price tag and refuses to sell it at the displayed price. Give the most appropriate answer.
A. A' is bound to sell the item as all the conditions of a valid contract are complete
B. A' is not bound to sell as 'B' has only made an offer to purchase and 'A' has still to accept the offer
C. A' is bound to sell as his display of goods in the showcase amounted to offer to sell
D. A' is not bound to sell though acceptance was complete
Answer: Option B
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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