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LEGAL PRINCIPLE:Acceptance should be made while the offer is still subsisting. The offeror is free to retract his offer at any time before his offer gets accepted by the offeree. Once the offer is withdrawn or is lapsed, it is not open to be accepted so as to give rise to a contract. Similarly, if a time is prescribed within which the offer is to be accepted, then, the offer must be accepted within the prescribed time. And, if no time is prescribed, then, the acceptance must be made within a reasonable time. What is a reasonable time, is a question of fact which is to be determined by taking into account all the relevant facts and surrounding circumstances.FACTUAL SITUATION:X makes an offer to Y to sell his equipment for Rs. 1,000,00. No time is specified for the acceptance. Y sends his reply two years after receiving the offer. Which of the following derivation is CORRECT?a)There does not arise any contract between X and T to sell/buy the equipment in question for Rs. 1,000.00b)There arises a contract between X and Y to sell/buy the equipment in question for Rs.1,000,00c)X is bound by his offer, and hence, cannot reject the acceptance made by Yd)There arises a promise by Y to buy the equipmentCorrect answer is option 'A'. Can you explain this answer? for CLAT 2025 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about LEGAL PRINCIPLE:Acceptance should be made while the offer is still subsisting. The offeror is free to retract his offer at any time before his offer gets accepted by the offeree. Once the offer is withdrawn or is lapsed, it is not open to be accepted so as to give rise to a contract. Similarly, if a time is prescribed within which the offer is to be accepted, then, the offer must be accepted within the prescribed time. And, if no time is prescribed, then, the acceptance must be made within a reasonable time. What is a reasonable time, is a question of fact which is to be determined by taking into account all the relevant facts and surrounding circumstances.FACTUAL SITUATION:X makes an offer to Y to sell his equipment for Rs. 1,000,00. No time is specified for the acceptance. Y sends his reply two years after receiving the offer. Which of the following derivation is CORRECT?a)There does not arise any contract between X and T to sell/buy the equipment in question for Rs. 1,000.00b)There arises a contract between X and Y to sell/buy the equipment in question for Rs.1,000,00c)X is bound by his offer, and hence, cannot reject the acceptance made by Yd)There arises a promise by Y to buy the equipmentCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CLAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for LEGAL PRINCIPLE:Acceptance should be made while the offer is still subsisting. The offeror is free to retract his offer at any time before his offer gets accepted by the offeree. Once the offer is withdrawn or is lapsed, it is not open to be accepted so as to give rise to a contract. Similarly, if a time is prescribed within which the offer is to be accepted, then, the offer must be accepted within the prescribed time. And, if no time is prescribed, then, the acceptance must be made within a reasonable time. What is a reasonable time, is a question of fact which is to be determined by taking into account all the relevant facts and surrounding circumstances.FACTUAL SITUATION:X makes an offer to Y to sell his equipment for Rs. 1,000,00. No time is specified for the acceptance. Y sends his reply two years after receiving the offer. Which of the following derivation is CORRECT?a)There does not arise any contract between X and T to sell/buy the equipment in question for Rs. 1,000.00b)There arises a contract between X and Y to sell/buy the equipment in question for Rs.1,000,00c)X is bound by his offer, and hence, cannot reject the acceptance made by Yd)There arises a promise by Y to buy the equipmentCorrect answer is option 'A'. Can you explain this answer?.

Solutions for LEGAL PRINCIPLE:Acceptance should be made while the offer is still subsisting. The offeror is free to retract his offer at any time before his offer gets accepted by the offeree. Once the offer is withdrawn or is lapsed, it is not open to be accepted so as to give rise to a contract. Similarly, if a time is prescribed within which the offer is to be accepted, then, the offer must be accepted within the prescribed time. And, if no time is prescribed, then, the acceptance must be made within a reasonable time. What is a reasonable time, is a question of fact which is to be determined by taking into account all the relevant facts and surrounding circumstances.FACTUAL SITUATION:X makes an offer to Y to sell his equipment for Rs. 1,000,00. No time is specified for the acceptance. Y sends his reply two years after receiving the offer. Which of the following derivation is CORRECT?a)There does not arise any contract between X and T to sell/buy the equipment in question for Rs. 1,000.00b)There arises a contract between X and Y to sell/buy the equipment in question for Rs.1,000,00c)X is bound by his offer, and hence, cannot reject the acceptance made by Yd)There arises a promise by Y to buy the equipmentCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CLAT. Download more important topics, notes, lectures and mock test series for CLAT Exam by signing up for free.

Here you can find the meaning of LEGAL PRINCIPLE:Acceptance should be made while the offer is still subsisting. The offeror is free to retract his offer at any time before his offer gets accepted by the offeree. Once the offer is withdrawn or is lapsed, it is not open to be accepted so as to give rise to a contract. Similarly, if a time is prescribed within which the offer is to be accepted, then, the offer must be accepted within the prescribed time. And, if no time is prescribed, then, the acceptance must be made within a reasonable time. What is a reasonable time, is a question of fact which is to be determined by taking into account all the relevant facts and surrounding circumstances.FACTUAL SITUATION:X makes an offer to Y to sell his equipment for Rs. 1,000,00. No time is specified for the acceptance. Y sends his reply two years after receiving the offer. Which of the following derivation is CORRECT?a)There does not arise any contract between X and T to sell/buy the equipment in question for Rs. 1,000.00b)There arises a contract between X and Y to sell/buy the equipment in question for Rs.1,000,00c)X is bound by his offer, and hence, cannot reject the acceptance made by Yd)There arises a promise by Y to buy the equipmentCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of LEGAL PRINCIPLE:Acceptance should be made while the offer is still subsisting. The offeror is free to retract his offer at any time before his offer gets accepted by the offeree. Once the offer is withdrawn or is lapsed, it is not open to be accepted so as to give rise to a contract. Similarly, if a time is prescribed within which the offer is to be accepted, then, the offer must be accepted within the prescribed time. And, if no time is prescribed, then, the acceptance must be made within a reasonable time. What is a reasonable time, is a question of fact which is to be determined by taking into account all the relevant facts and surrounding circumstances.FACTUAL SITUATION:X makes an offer to Y to sell his equipment for Rs. 1,000,00. No time is specified for the acceptance. Y sends his reply two years after receiving the offer. Which of the following derivation is CORRECT?a)There does not arise any contract between X and T to sell/buy the equipment in question for Rs. 1,000.00b)There arises a contract between X and Y to sell/buy the equipment in question for Rs.1,000,00c)X is bound by his offer, and hence, cannot reject the acceptance made by Yd)There arises a promise by Y to buy the equipmentCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for LEGAL PRINCIPLE:Acceptance should be made while the offer is still subsisting. The offeror is free to retract his offer at any time before his offer gets accepted by the offeree. Once the offer is withdrawn or is lapsed, it is not open to be accepted so as to give rise to a contract. Similarly, if a time is prescribed within which the offer is to be accepted, then, the offer must be accepted within the prescribed time. And, if no time is prescribed, then, the acceptance must be made within a reasonable time. What is a reasonable time, is a question of fact which is to be determined by taking into account all the relevant facts and surrounding circumstances.FACTUAL SITUATION:X makes an offer to Y to sell his equipment for Rs. 1,000,00. No time is specified for the acceptance. Y sends his reply two years after receiving the offer. Which of the following derivation is CORRECT?a)There does not arise any contract between X and T to sell/buy the equipment in question for Rs. 1,000.00b)There arises a contract between X and Y to sell/buy the equipment in question for Rs.1,000,00c)X is bound by his offer, and hence, cannot reject the acceptance made by Yd)There arises a promise by Y to buy the equipmentCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of LEGAL PRINCIPLE:Acceptance should be made while the offer is still subsisting. The offeror is free to retract his offer at any time before his offer gets accepted by the offeree. Once the offer is withdrawn or is lapsed, it is not open to be accepted so as to give rise to a contract. Similarly, if a time is prescribed within which the offer is to be accepted, then, the offer must be accepted within the prescribed time. And, if no time is prescribed, then, the acceptance must be made within a reasonable time. What is a reasonable time, is a question of fact which is to be determined by taking into account all the relevant facts and surrounding circumstances.FACTUAL SITUATION:X makes an offer to Y to sell his equipment for Rs. 1,000,00. No time is specified for the acceptance. Y sends his reply two years after receiving the offer. Which of the following derivation is CORRECT?a)There does not arise any contract between X and T to sell/buy the equipment in question for Rs. 1,000.00b)There arises a contract between X and Y to sell/buy the equipment in question for Rs.1,000,00c)X is bound by his offer, and hence, cannot reject the acceptance made by Yd)There arises a promise by Y to buy the equipmentCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice LEGAL PRINCIPLE:Acceptance should be made while the offer is still subsisting. The offeror is free to retract his offer at any time before his offer gets accepted by the offeree. Once the offer is withdrawn or is lapsed, it is not open to be accepted so as to give rise to a contract. Similarly, if a time is prescribed within which the offer is to be accepted, then, the offer must be accepted within the prescribed time. And, if no time is prescribed, then, the acceptance must be made within a reasonable time. What is a reasonable time, is a question of fact which is to be determined by taking into account all the relevant facts and surrounding circumstances.FACTUAL SITUATION:X makes an offer to Y to sell his equipment for Rs. 1,000,00. No time is specified for the acceptance. Y sends his reply two years after receiving the offer. Which of the following derivation is CORRECT?a)There does not arise any contract between X and T to sell/buy the equipment in question for Rs. 1,000.00b)There arises a contract between X and Y to sell/buy the equipment in question for Rs.1,000,00c)X is bound by his offer, and hence, cannot reject the acceptance made by Yd)There arises a promise by Y to buy the equipmentCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice CLAT tests.