MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Cheques Issued but Not Presented

Choose the co...

Question

Choose the correct answers from the following alternatives given
Specific terms and conditions of an offer must be communicated _________________.

A

before the acceptance of offer

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B

after the acceptance of offer

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

none of these

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

acceptance of offer

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A before the acceptance of offer
Specific terms and conditions of an offer must be communicated before the acceptance of offer. Completeness of the message which is to be delivered should be ensured and hence all the terms and conditions of an offer should be known to the the person to whom the offer is made in order to avoid further miscommunication.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Principle: Acceptance (of offer) must be communicated by the offeree to the offerer so as to given rise to a binding obligation. The expression 'by the offeree to the offerer' includes communication between their authorised agents.
Facts 'X' made an offer to buy Y's property for a stipulated price. 'Y' accepted it and communicated his acceptance to 'Z', a stranger.
Which of the following derivations is correct?

Q. Principle: Acceptance should be made while the offer is still subsisting. The offer or is free to retract his offer at anytime before his offer gets accepted by the offeree. Once the offer is withdrawn or a lapsed, it is not open to be accepted so as to give rise to a contract. Similarly, if a time is prescribed within which the offer is to be accepted, then the offer must be accepted within the prescribed time. And if no time is prescribed, then the acceptance must be made within a reasonable time. 'What is a reasonable time', is a question of fact which is to be determined by taking into account all the relevant facts and surrounding circumstances.
Facts: 'X' makes an offer to 'Y' to sell his equipment for

R s . 1000.00

. No time is specified for the acceptance. 'Y' sends his reply two years after receiving the offer.
Which of the following derivations is correct?

Q. Choose the correct answers from the following alternatives given.
A specific offer can be accepted by _______________.

Q. Solve.
X of Agra sends a letter by post to Y of Delhi offering to sell his car for Rs. 1,00,000. This letter, is posted on 1st January and reaches Y on 7th January Y sends his acceptance by post on 10th January but X receives this letter of acceptance on 15th January.
Answer each of the following questions.
(a) When is the communication of offer complete?
(b) When is the communication of acceptance complete as against the offerer?
(c) When is the communication of acceptance complete as against the acceptor?
(d) If X sends a telegram on 8th January revoking his offer, and this telegram reaches Y before the letter of the acceptance is posted. Is revocation of offeris valid?
(e) If Y sends a telegram on 14th January revoking his acceptance and this telegram reaches X before the letter of acceptance is received by X. Is revocation of acceptance is valid?

Q. Legal Principle: The acceptance to an offer should be given only in the mode prescribed by the proposer, for a contract to become enforceable.

Factual Situation: A offered to buy a horse from B requesting that the acceptance should be sent through A's agent. B sent his acceptance through his servant, who reached A's office a day after A's agent reached.

Is A bound by B's acceptance?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Bank Reconciliation Part 1

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Cheques Issued but Not Presented

Standard XI Accountancy

Join BYJU'S Learning Program

CrossIcon