Anuj says to Ramesh, "if he would be interested in purchasing his bike for Rs. 10,000?" Ramesh immediately takes Rs. 10,000 to Anuj and says he wants to buy the bike. The result is:
A. A binding contract is formed
B. Only an agreement is formed
C. No contract is formed
D. A voidable contract is formed
Answer: Option A
Solution (By Examveda Team)
In this scenario, Anuj made an offer to sell his bike to Ramesh for Rs. 10,000, and Ramesh immediately accepted the offer by providing the requested amount. This constitutes a valid acceptance, and both parties have expressed their mutual consent to enter into the contract. As a result, a binding contract is formed between Anuj and Ramesh.This Question Belongs to Law >> Indian Contract Act
Please send explanation
I need explanation why the answe is C
Why it is no contract