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Consider the following statements 1 There may be situations where only...

This question belongs to Law Indian Contract Act
Indian Contract Act
?

Consider the following statements:
1. There may be situations where only one party is bound to the terms of the contract.
2. In order to convert a proposal into a promise, the acceptance must be absolute and may be unqualified.
3. Death or insanity of the proposer is considered as good ground for revocation of proposal in all circumstances.
Choose the correct option from below:

Answer & Solution
Correct Answer: Option A
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