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Business Studies

Planning Process

X says to Y, ...

Question

X says to Y, I shall sell my CAR to you. Will you buy it? Y responded by saying yes, I shall buy it. This agreement is not valid because of __________________.

A

Uncertainty of price

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B

Uncertainty of model of car

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C

Being not in writing

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D

All the three

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Solution

The correct option is A Uncertainty of price
An agreement requires offer, acceptance, consideration as well as free consent of the parties to it. All these elements must be fixed or specified and not vague or uncertain as it will render the agreement void. In this case too, X has offered to sell his car to Y but has not specified about the car as well as price of the car . This means that the object of this agreement is uncertain and hence is void in nature.

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