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:
A. Only 1 is correct
B. Only 2 is correct
C. 1 and 2 are correct
D. 1 and 3 are correct
Answer: Option A
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
Join The Discussion