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Which of the following is false? An acceptance:
- a)Must be communicated
- b)Must be absolute and unconditional
- c)Must be accepted by a person having authority to accept
- d)May be presumed from silence of offeree
Correct answer is option 'D'. Can you explain this answer?
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Which of the following is false? An acceptance:a)Must be communicatedb...
The correct answer is: May be presumed from silence of offeree
An acceptance is an essential element in the formation of a contract. In order for an acceptance to be valid, it must meet certain criteria. The criteria for a valid acceptance are:
Must be communicated:
- An acceptance should be communicated to the offeror, either in writing, verbally, or through conduct.
- The offeror must be aware of the acceptance for it to be valid.
Must be absolute and unconditional:
- The acceptance must correspond to the terms of the offer without any conditions or modifications.
- If the offeree introduces new terms or conditions, it is considered a counteroffer and not an acceptance.
Must be accepted by a person having authority to accept:
- The acceptance must be made by the person to whom the offer is made or their authorized agent.
- If someone without the authority to accept does so, the acceptance may not be valid.
May be presumed from silence of offeree:
- This statement is false. In general, silence does not constitute acceptance.
- The offeree must communicate their acceptance, and the offeror cannot assume that silence means acceptance.
- There are some exceptions, such as when the parties have a prior course of dealing or an established relationship where silence has previously been treated as acceptance. However, these situations are rare and specific to the circumstances.
An acceptance is an essential element in the formation of a contract. In order for an acceptance to be valid, it must meet certain criteria. The criteria for a valid acceptance are:
Must be communicated:
- An acceptance should be communicated to the offeror, either in writing, verbally, or through conduct.
- The offeror must be aware of the acceptance for it to be valid.
Must be absolute and unconditional:
- The acceptance must correspond to the terms of the offer without any conditions or modifications.
- If the offeree introduces new terms or conditions, it is considered a counteroffer and not an acceptance.
Must be accepted by a person having authority to accept:
- The acceptance must be made by the person to whom the offer is made or their authorized agent.
- If someone without the authority to accept does so, the acceptance may not be valid.
May be presumed from silence of offeree:
- This statement is false. In general, silence does not constitute acceptance.
- The offeree must communicate their acceptance, and the offeror cannot assume that silence means acceptance.
- There are some exceptions, such as when the parties have a prior course of dealing or an established relationship where silence has previously been treated as acceptance. However, these situations are rare and specific to the circumstances.
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Which of the following is false? An acceptance:a)Must be communicatedb)Must be absolute and unconditionalc)Must be accepted by a person having authority to acceptd)May be presumed from silence of offereeCorrect answer is option 'D'. Can you explain this answer?
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Which of the following is false? An acceptance:a)Must be communicatedb)Must be absolute and unconditionalc)Must be accepted by a person having authority to acceptd)May be presumed from silence of offereeCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following is false? An acceptance:a)Must be communicatedb)Must be absolute and unconditionalc)Must be accepted by a person having authority to acceptd)May be presumed from silence of offereeCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is false? An acceptance:a)Must be communicatedb)Must be absolute and unconditionalc)Must be accepted by a person having authority to acceptd)May be presumed from silence of offereeCorrect answer is option 'D'. Can you explain this answer?.
Which of the following is false? An acceptance:a)Must be communicatedb)Must be absolute and unconditionalc)Must be accepted by a person having authority to acceptd)May be presumed from silence of offereeCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following is false? An acceptance:a)Must be communicatedb)Must be absolute and unconditionalc)Must be accepted by a person having authority to acceptd)May be presumed from silence of offereeCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following is false? An acceptance:a)Must be communicatedb)Must be absolute and unconditionalc)Must be accepted by a person having authority to acceptd)May be presumed from silence of offereeCorrect answer is option 'D'. Can you explain this answer?.
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