मराठी

Principle: An Offer Made by One Party When Accepted by Another Makes It a Contract. - Mathematics

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प्रश्न

The principle is to be applied to the given facts and to choose the most appropriate option:

Principle: An offer made by one party when accepted by another makes it a contract.

Transactions:
1. P offered to sell his house for Rs. 20 lakhs to R; R told P that he was interested to buy a house for 15 lakhs only.
2. C was looking for a house for not more than 25 lakhs; P informed C that his house was available for 20 lakhs.
3. K wanted to buy some old furniture; L told K that he would sell his furniture for Rs. 10, 000.
4. R advertised to sell his old car for a price of Rs. Three lakhs; S found the advertisement and offered to buy it for Rs. 2 lakhs 50 thousand; R agrees to sell it to S.

Which among the above is actually a contract?

पर्याय

  • Situation 3 only is a contract

  • Situations 1 and 2 are contracts

  • Situation 4 only is a contract

  • Situations 2 and 4 are contracts

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उत्तर

Situation 4 only is a contract

Explanation:

One of the essentials of a valid contract makes it mandatory that the offer by one party must be  accepted clearly by another party. The acceptance must also be communicated. (Bhagwandas  Goverdhandas Kedia vs M/s. Girdharilal  Parshottamdas... on 30 August 1965)   
In instance 4 (which is the correct answer), there is an offer advertisement by 'R' for selling his old car at Rs 3  lakhs. 'S' offers to buy it for Rs. 2 lakhs 50 thousand.  This has been agreed by 'R' to sell it to 'S'. The offer by  'S' has been accepted by 'R'. The contract is valid.   
In instance 1, P does not agree to sell his house to R.  The contract is invalid.  In instance 2, there is only communication between  P and C about the availability of the house. There is no offer and acceptance between the two.   
In instance 3, there is only communication between  K and L about the availability of the furniture. There is  no offer and acceptance between the two.

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Law of Torts (Entrance Exams)
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
2016-2017 (May) Set 1

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