13 Questions
What is the term used when a person signifies their assent to a proposal?
Promise
What is a specific offer in the context of contract law?
By a father to his only son for sale of his factory to him
What is the term for the person making the proposal in contract law?
Promisor
How can a proposal be accepted in contract law?
All of the above
What do reciprocal contracts refer to in contract law?
Bilateral Contracts
If the proposer prescribes the mode and manner of acceptance, how should the acceptance be made?
Should be in the manner and mode prescribed
Which of the following is a type of offer?
A promise
When can a proposal not be revoked?
By an act involving moral turpitude of the proposer, whether related to the proposal or otherwise
What are goods displayed in a shop with a price tag considered as?
Invitation to offer
Which of the following is a necessary condition for a valid offer?
Intention to create legal relation
In the given scenario, what is B's action considered as?
Invalid acceptance
... is expression of initial intention.
Invitation to offer
... is expression of final willingness to perform a promise.
Acceptance
Test your knowledge of contract law with this quiz on offer and acceptance. Evaluate your understanding of proposal, acceptance, and the key concepts related to contract formation.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
