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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.
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Can you explain the answer of this question below:In an auction sale, ...
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.
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Can you explain the answer of this question below:In an auction sale, ...
Explanation:
- In an auction sale, the bidder offers to pay a certain price for a particular item being auctioned.
- The auctioneer accepts the offer by striking the hammer on the table.
- This is known as implied acceptance because the auctioneer does not speak but instead uses a physical action to indicate acceptance.
- Implied acceptance is a form of acceptance that is inferred from the actions of the party who is accepting an offer.
- In this case, the auctioneer's action of striking the hammer on the table implies that they accept X's bid.
- Therefore, X is the highest bidder and has won the auction.
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Can you explain the answer of this question below:In an auction sale, ...
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.
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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.
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