Consider the following case.
DTC runs a bus in a particular route and a passenger gets into the bus anticipating that it will drop him at the desired place in between the route in which it is being plied in exchange for certain fare or fees. Such a kind of contract between the passenger and the bus operator will be:
(Choose the most appropriate option in the given context.)
A. Express Contract
B. Implied Contract
C. Specific Offer
D. General Offer
E. Void Offer
Answer: Option D
Related Questions on Miscellaneous in Commerce
A. Expenditure for the business
B. Cost for the business
C. Gain for the business
D. None of the above
Which of these items would be accounted for as an expense?
A. Repayment of bank loan
B. Dividend to stock holders
C. The purchase of land
D. Payment of current period rent
Debit the receiver credit the giver rule for:
A. Real a/c
B. Personal a/c
C. Nominal a/c
D. None of these
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