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A telegraphed to B “will you sell me your house? Let me know the lowest price” B replied “Lowest price is Rs.900.” A agreed to buy and asked for title deeds. There is no reply from B. Is B under obligation to sell?
- a)Yes, B should sell the house because the offer with the lowest price is accepted by A
- b)No, there was no contract because B has communicated only the lowest price
- c)Yes because communication of lowest price it self-forms a contract
- d)No, because offer is of negative nature
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
A telegraphed to B “will you sell me your house? Let me know the...
Explanation:
Contract formation requires three essential elements: offer, acceptance, and consideration. In the given scenario, A telegraphed to B asking if he would sell his house, and B replied by communicating the lowest price of Rs. 900. A agreed to buy the house and asked for title deeds, but there was no reply from B. Therefore, there was no contract formed between A and B, and B is not under any obligation to sell the house.
Reasons:
B communicated only the lowest price, but he did not accept the offer made by A. Hence, there was no acceptance of the offer, which is a crucial element in contract formation. B's communication of the lowest price is not an acceptance of the offer. It is merely an indication of the minimum amount that B is willing to sell his house for. Additionally, there was no consideration exchanged between the parties, as A did not pay the purchase price, and B did not transfer ownership of the property.
Conclusion:
In conclusion, since there was no acceptance of the offer, and no consideration exchanged between the parties, there was no contract formed between A and B. Therefore, B is not under any obligation to sell the house to A.
Contract formation requires three essential elements: offer, acceptance, and consideration. In the given scenario, A telegraphed to B asking if he would sell his house, and B replied by communicating the lowest price of Rs. 900. A agreed to buy the house and asked for title deeds, but there was no reply from B. Therefore, there was no contract formed between A and B, and B is not under any obligation to sell the house.
Reasons:
B communicated only the lowest price, but he did not accept the offer made by A. Hence, there was no acceptance of the offer, which is a crucial element in contract formation. B's communication of the lowest price is not an acceptance of the offer. It is merely an indication of the minimum amount that B is willing to sell his house for. Additionally, there was no consideration exchanged between the parties, as A did not pay the purchase price, and B did not transfer ownership of the property.
Conclusion:
In conclusion, since there was no acceptance of the offer, and no consideration exchanged between the parties, there was no contract formed between A and B. Therefore, B is not under any obligation to sell the house to A.
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A telegraphed to B “will you sell me your house? Let me know the...
Yes, they had only answered to the enquiry of price but not shown their willingness to sell
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A telegraphed to B “will you sell me your house? Let me know the lowest price” B replied “Lowest price is Rs.900.” A agreed to buy and asked for title deeds. There is no reply from B. Is B under obligation to sell?a)Yes, B should sell the house because the offer with the lowest price is accepted by Ab)No, there was no contract because B has communicated only the lowest pricec)Yes because communication of lowest price it self-forms a contractd)No, because offer is of negative natureCorrect answer is option 'B'. Can you explain this answer?
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A telegraphed to B “will you sell me your house? Let me know the lowest price” B replied “Lowest price is Rs.900.” A agreed to buy and asked for title deeds. There is no reply from B. Is B under obligation to sell?a)Yes, B should sell the house because the offer with the lowest price is accepted by Ab)No, there was no contract because B has communicated only the lowest pricec)Yes because communication of lowest price it self-forms a contractd)No, because offer is of negative natureCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A telegraphed to B “will you sell me your house? Let me know the lowest price” B replied “Lowest price is Rs.900.” A agreed to buy and asked for title deeds. There is no reply from B. Is B under obligation to sell?a)Yes, B should sell the house because the offer with the lowest price is accepted by Ab)No, there was no contract because B has communicated only the lowest pricec)Yes because communication of lowest price it self-forms a contractd)No, because offer is of negative natureCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A telegraphed to B “will you sell me your house? Let me know the lowest price” B replied “Lowest price is Rs.900.” A agreed to buy and asked for title deeds. There is no reply from B. Is B under obligation to sell?a)Yes, B should sell the house because the offer with the lowest price is accepted by Ab)No, there was no contract because B has communicated only the lowest pricec)Yes because communication of lowest price it self-forms a contractd)No, because offer is of negative natureCorrect answer is option 'B'. Can you explain this answer?.
A telegraphed to B “will you sell me your house? Let me know the lowest price” B replied “Lowest price is Rs.900.” A agreed to buy and asked for title deeds. There is no reply from B. Is B under obligation to sell?a)Yes, B should sell the house because the offer with the lowest price is accepted by Ab)No, there was no contract because B has communicated only the lowest pricec)Yes because communication of lowest price it self-forms a contractd)No, because offer is of negative natureCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A telegraphed to B “will you sell me your house? Let me know the lowest price” B replied “Lowest price is Rs.900.” A agreed to buy and asked for title deeds. There is no reply from B. Is B under obligation to sell?a)Yes, B should sell the house because the offer with the lowest price is accepted by Ab)No, there was no contract because B has communicated only the lowest pricec)Yes because communication of lowest price it self-forms a contractd)No, because offer is of negative natureCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A telegraphed to B “will you sell me your house? Let me know the lowest price” B replied “Lowest price is Rs.900.” A agreed to buy and asked for title deeds. There is no reply from B. Is B under obligation to sell?a)Yes, B should sell the house because the offer with the lowest price is accepted by Ab)No, there was no contract because B has communicated only the lowest pricec)Yes because communication of lowest price it self-forms a contractd)No, because offer is of negative natureCorrect answer is option 'B'. Can you explain this answer?.
Solutions for A telegraphed to B “will you sell me your house? Let me know the lowest price” B replied “Lowest price is Rs.900.” A agreed to buy and asked for title deeds. There is no reply from B. Is B under obligation to sell?a)Yes, B should sell the house because the offer with the lowest price is accepted by Ab)No, there was no contract because B has communicated only the lowest pricec)Yes because communication of lowest price it self-forms a contractd)No, because offer is of negative natureCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
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A telegraphed to B “will you sell me your house? Let me know the lowest price” B replied “Lowest price is Rs.900.” A agreed to buy and asked for title deeds. There is no reply from B. Is B under obligation to sell?a)Yes, B should sell the house because the offer with the lowest price is accepted by Ab)No, there was no contract because B has communicated only the lowest pricec)Yes because communication of lowest price it self-forms a contractd)No, because offer is of negative natureCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for A telegraphed to B “will you sell me your house? Let me know the lowest price” B replied “Lowest price is Rs.900.” A agreed to buy and asked for title deeds. There is no reply from B. Is B under obligation to sell?a)Yes, B should sell the house because the offer with the lowest price is accepted by Ab)No, there was no contract because B has communicated only the lowest pricec)Yes because communication of lowest price it self-forms a contractd)No, because offer is of negative natureCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of A telegraphed to B “will you sell me your house? Let me know the lowest price” B replied “Lowest price is Rs.900.” A agreed to buy and asked for title deeds. There is no reply from B. Is B under obligation to sell?a)Yes, B should sell the house because the offer with the lowest price is accepted by Ab)No, there was no contract because B has communicated only the lowest pricec)Yes because communication of lowest price it self-forms a contractd)No, because offer is of negative natureCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice A telegraphed to B “will you sell me your house? Let me know the lowest price” B replied “Lowest price is Rs.900.” A agreed to buy and asked for title deeds. There is no reply from B. Is B under obligation to sell?a)Yes, B should sell the house because the offer with the lowest price is accepted by Ab)No, there was no contract because B has communicated only the lowest pricec)Yes because communication of lowest price it self-forms a contractd)No, because offer is of negative natureCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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