New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    Acceptance to be a valid acceptance

    _______________
    A Must be absolute Correct Answer Incorrect Answer
    B Must be unqualified Correct Answer Incorrect Answer
    C Either a or b Correct Answer Incorrect Answer
    D Both a & b Correct Answer Incorrect Answer

    Solution

    Contract Act- Section 7 Acceptance must be absolute—In order to convert a proposal into a promise, the acceptance must— (1) be absolute and unqualified; (2) be expressed in some usual and reasonable manner, unless the proposal prescribes the manner in which it is to be accepted. 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.

    Practice Next