Question
Communication of acceptance is complete:
Solution
Section 4 of Indian Contract Act Communication when complete —The communication of a proposal is complete when it comes to the knowledge of the person to whom it is made. The communication of an acceptance is complete,— as against the proposer, when it is put in a course of transmission to him, so as to be out of the power of the acceptor; as against the acceptor, when it comes to the knowledge of the proposer. The communication of a revocation is complete,— as against the person who makes it, when it is put into a course of transmission to the person to whom it is made, so as to be out of the power of the person who makes it; as against the person to whom it is made, when it comes to his knowledge.
The Bharat Bill payment system (BBPS) is a one-stop ecosystem for payment of all bills providing an interoperable and accessible bill payment service a...
Dearness allowance is taxable in case of:
Which portal monitors outstanding dues to MSEs?
On purchase of old furniture, the amount of ₹1,000 spent on its repair should be debited to:
Which of the following statements is INCORRECT?
As per RBI’s income recognition policy, under what condition can banks recognize interest income on advances against Term Deposits, NSCs, KVPs, and li...
ICDS IV primarily deals with which aspect of financial reporting.
While vouching purchases, an auditor notices that a supplier’s invoice is missing. What is the best course of action?
Which ICDS deals with Accounting Policies?
The due date for depositing the TDS deducted in the month of March is: