Can you explain the answer of this question below:
 In an auction sale, X is the highest bidder. The auctioneer accepts the offer by not speaking but striking the hammer on the table. This amounts to: 
  • A:
    Express acceptance 
  • B:
    Implied acceptance 
  • C:
    Future acceptance 
  • D:
    No acceptance 
The answer is b.

CA Foundation Question

3 Answers
Nalini Iyer answered May 22, 2018
An implied acceptance is one which is made otherwise than in words. In other words, it is inferred from the conduct of the person or the circumstances of the particular case.Hence in this case in an auction sale 'X' is the highest bidder.The auctioneer accepts the offer by not speaking but striking the hammer on the table. This amounts to imputed acceptance.The answer is b.

Kapil Keer answered Jul 24, 2018
Implied offer is one in which parties to contract do not clearly speak to each other but duty is formed by circumstances e.g;- here striking the hammer on the table by auctioneer shows that he is ready to accept his offer. that is why it is called implied offer.

Akshay Kumar answered May 22, 2018
Implied acceptance is anything other than words. Implied= Action based. here striking the hammer is not Expresed but An action. so Implied acceptance

This discussion on Can you explain the answer of this question below:In an auction sale, X is the highest bidder. The auctioneer accepts the offer by not speaking but striking the hammer on the table. This amounts to:A:Express acceptanceB:Implied acceptanceC:Future acceptanceD:No acceptanceThe answer is b. is done on EduRev Study Group by CA Foundation Students. The Questions and Answers of Can you explain the answer of this question below:In an auction sale, X is the highest bidder. The auctioneer accepts the offer by not speaking but striking the hammer on the table. This amounts to:A:Express acceptanceB:Implied acceptanceC:Future acceptanceD:No acceptanceThe answer is b. are solved by group of students and teacher of CA Foundation, which is also the largest student community of CA Foundation. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for CA Foundation on EduRev and even discuss your questions like Can you explain the answer of this question below:In an auction sale, X is the highest bidder. The auctioneer accepts the offer by not speaking but striking the hammer on the table. This amounts to:A:Express acceptanceB:Implied acceptanceC:Future acceptanceD:No acceptanceThe answer is b. over here on EduRev! Apart from being the largest CA Foundation community, EduRev has the largest solved Question bank for CA Foundation.