Question
As per Section 7(2) of the Indian Contract Act, 1872, if
a proposal prescribes a specific manner in which acceptance must be made, and the acceptance is not made in that manner, which statement is legally accurate?ÂSolution
Section 7(2) explicitly states: "If the proposal prescribes a manner in which it is to be accepted, and the acceptance is not made in such manner, the proposer may, within a reasonable time after the acceptance is communicated to him, insist that his proposal shall be accepted in the prescribed manner, and not otherwise; but if he fails to do so, he accepts the acceptance." This provision provides flexibility and grace to the proposer. The proposer has the option to either insist on the prescribed manner (within a reasonable time) or accept the non-conforming acceptance by implied conduct. This balances strict formalism with commercial practicality, as established in various contract law precedents where courts have held that strict adherence to prescribed modes should not lead to unjust outcomes.
Two partners, X and Y, invested in a business in the ratio of 5:8. After 5 months, X increased his capital by 25%, and 2 months later, he increased it a...
Mr Rohila left his entire property to his wife, daughter and son and the cook. His sons and daughter got half the estate, sharing in the ratio of 3:2. ...
The total number of phones to the total number of laptops in Stores A and B is in the ratio 120:13. Additionally, the number of laptops in Store A to t...The ratio of number of girls to number of boys is 3 : 2 in a class of 60 students. The average marks scored by the boys in Physics is 72 and the average...
The speeds of three cars are in the ratio of 3: 2: 4. The ratio of respective time taken by these cars to travel the same distance is:
In a tournament, the total runs scored by five batsmen is 600. The runs scored by Rahul and Pant are in the ratio of 9:8. If 1/3r...
Aman had Rs. 124 in the form of 50 paise coins, Rs. 1 coins, and Rs. 5 coins. The ratio of the number of coins of each denominati...
A sum of Rs 31866 is divided between A, B and C such that the ratio of shares of A and B is 9:8 and that of A and C is 4:5. The share (in RS) of B is:
In a group of 800 participants planning a community event, some opted for the role of organizers in a Science Fair, while others chose to organize a Tal...
Among 132 examinees of a certain school, the ratio of successful to unsuccessful students is 9 : 2, Had 4 more students passed, then the ratio of succes...