Nature of Contract-Test 5

Which one of the following statements about a valid acceptance of an offer is NOT correct ?

The Juristic concept of contract consists of

Under Section 2(b) of the Indian Contract Act, if the person to whom the proposal is made signifies his assent, the proposal is said to have been

According to the Indian Contract Act, 1872, a promise is

An offer can be accepted by

Acceptance may be

In cases of general offer, for a valid contract, the Acceptor

An acceptance containing additions, limitations or other modifications shall amount to

If the proposal or acceptance is made otherwise than in words, the promise is said to be

If a proposal and it acceptance are made by words, they are known as

Acceptance can precede an offer. It is

When a proposal and its acceptance are not made by words and are inferred from the conduct of the parties. They are known as

Express offers and acceptance may be proved by the agreement between the parties but implied offers can be proved only by

Acceptance should be in response to an offer. It is

General offers open to the world at large can be accepted by any person ________ .

An offer is

A counter offer is

A shopkeeper exhibits an article in his shop window with a price tag attached to it. A customer offers to buy the article for the same price is the shopkeeper bound to part with the article receiving the price offered by the customer ?

A unilateral contract in which only one party is bound is also known as a

Where a particular mode of communication of acceptance is not prescribed presence, the most authentic mode of communication of acceptance is the

In one auction sale, ‘X’ is the highest bidder. The auctioneer accepts the offer not by speaking but striking the hammer on the table. This amounts to

For binding contract both the parties to the contract must

Which one of the following statements is NOT correct ?

In case of conflict of jurisdiction of the courts, the incidence of a contract shall be governed by the law of the place where the

When a person without expressing his final willingness, proposes certain terms on which he is willing to negotiate, he makes

Which one of the following falls into the category of offer ?

The communication of acceptance through telephone is regarded as complete when

When goods are displayed in a shop window with price tags attached to them, the offer comes from the

Consider the following statements

A valid contract must have

1. some consideration
2.  free consent of the contracting parties
3.  a lawful object
4.  major or minor contracting parties.

Which of the above statements are correct?

X  is a wholesale merchant for all types of vegetable oil. He receives a telegram from a retail trader to immediately send to him, 100 tins of oil. X knows that the retail trader sells only mustard oil. He sends, immediately, 100 tins of mustard oil and sends the bill. The retail trader insists on sends the bill. the retail trader insists on paying at the previous rate of oil which is Rs. 50 less for each tin. When X insists for the new market rate, the retailer pleads that there is no contract. In this case, the most logical decision will be that.