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X of Agrasends a letter by post to Y of Delhi offering to sell his car for Rs. 1,00,000. This letter is posted on 1st January and reaches Yon 7th January Y sends his acceptance by post on 10th January but X receives this letter of acceptance on 15th January.
When is the communication of the offer complete?
- a)1st January
- b)6th January
- c)7th January
- d)10th January
Correct answer is option 'C'. Can you explain this answer?
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X of Agrasends a letter by post to Y of Delhi offering to sell his car...
Tance only on 15thJanuary. Is there a contract between X and Y?
According to the Indian Contract Act, a contract is formed when an offer is accepted. In this case, X made an offer to sell his car to Y for Rs. 1,00,000 by sending a letter on 1st January.
Y sent his acceptance by post on 10th January, which is within a reasonable time. However, X received this letter of acceptance only on 15th January, which is after the time limit for acceptance has expired.
According to the Indian Contract Act, an acceptance must be communicated to the offeror within a reasonable time. In this case, the time limit for acceptance was until 7th January, which is when Y received X's offer by post.
Therefore, there is no contract between X and Y as Y's acceptance was received after the time limit had expired.
According to the Indian Contract Act, a contract is formed when an offer is accepted. In this case, X made an offer to sell his car to Y for Rs. 1,00,000 by sending a letter on 1st January.
Y sent his acceptance by post on 10th January, which is within a reasonable time. However, X received this letter of acceptance only on 15th January, which is after the time limit for acceptance has expired.
According to the Indian Contract Act, an acceptance must be communicated to the offeror within a reasonable time. In this case, the time limit for acceptance was until 7th January, which is when Y received X's offer by post.
Therefore, there is no contract between X and Y as Y's acceptance was received after the time limit had expired.
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X of Agrasends a letter by post to Y of Delhi offering to sell his car for Rs. 1,00,000. This letter is posted on 1stJanuary and reaches Yon 7thJanuary Y sends his acceptance by post on 10thJanuary but X receives this letter of acceptance on 15th January.When is the communication of the offer complete?a)1st Januaryb)6th Januaryc)7th Januaryd)10th JanuaryCorrect answer is option 'C'. Can you explain this answer?
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X of Agrasends a letter by post to Y of Delhi offering to sell his car for Rs. 1,00,000. This letter is posted on 1stJanuary and reaches Yon 7thJanuary Y sends his acceptance by post on 10thJanuary but X receives this letter of acceptance on 15th January.When is the communication of the offer complete?a)1st Januaryb)6th Januaryc)7th Januaryd)10th JanuaryCorrect answer is option 'C'. 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 X of Agrasends a letter by post to Y of Delhi offering to sell his car for Rs. 1,00,000. This letter is posted on 1stJanuary and reaches Yon 7thJanuary Y sends his acceptance by post on 10thJanuary but X receives this letter of acceptance on 15th January.When is the communication of the offer complete?a)1st Januaryb)6th Januaryc)7th Januaryd)10th JanuaryCorrect answer is option 'C'. 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 X of Agrasends a letter by post to Y of Delhi offering to sell his car for Rs. 1,00,000. This letter is posted on 1stJanuary and reaches Yon 7thJanuary Y sends his acceptance by post on 10thJanuary but X receives this letter of acceptance on 15th January.When is the communication of the offer complete?a)1st Januaryb)6th Januaryc)7th Januaryd)10th JanuaryCorrect answer is option 'C'. Can you explain this answer?.
X of Agrasends a letter by post to Y of Delhi offering to sell his car for Rs. 1,00,000. This letter is posted on 1stJanuary and reaches Yon 7thJanuary Y sends his acceptance by post on 10thJanuary but X receives this letter of acceptance on 15th January.When is the communication of the offer complete?a)1st Januaryb)6th Januaryc)7th Januaryd)10th JanuaryCorrect answer is option 'C'. 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 X of Agrasends a letter by post to Y of Delhi offering to sell his car for Rs. 1,00,000. This letter is posted on 1stJanuary and reaches Yon 7thJanuary Y sends his acceptance by post on 10thJanuary but X receives this letter of acceptance on 15th January.When is the communication of the offer complete?a)1st Januaryb)6th Januaryc)7th Januaryd)10th JanuaryCorrect answer is option 'C'. 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 X of Agrasends a letter by post to Y of Delhi offering to sell his car for Rs. 1,00,000. This letter is posted on 1stJanuary and reaches Yon 7thJanuary Y sends his acceptance by post on 10thJanuary but X receives this letter of acceptance on 15th January.When is the communication of the offer complete?a)1st Januaryb)6th Januaryc)7th Januaryd)10th JanuaryCorrect answer is option 'C'. Can you explain this answer?.
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