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Commerce · Q569

Legal Aspects of Business

Graduate and Post Graduate · Commerce · question 569

Q569

When is the communication of proposals, the acceptance of proposals and the revocation of proposals deemed to be made?

A.
Only on clear verbal communication of such proposal, acceptance or revocation
B.
By any act or omission of the party by which he intends to communicate such proposal, acceptance or revocation or has the effect of communicating it
Answer
C.
Only when the proposal, acceptance or revocation of the proposal is recorded in writing
D.
Only when the proposal, acceptance or revocation of the proposal is received and understood by the other party receiving the information

Answer: Option B

Solution

Answer: Option B
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