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X offers to sell his house to Y for Rs. 10 Lacs and states in his letter that the offer would be considered as accepted if acceptance is not communicated within a certain time. Here, the letter of X would :
- a)Amount to a proposal
- b)Amount to a promise
- c)Not amount to a proposal
- d)Amount to acceptance
Correct answer is 'C'. Can you explain this answer?
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X offers to sell his house to Y for Rs. 10 Lacs and states in his lett...
The answer is c.The offer/ proposal must not contain a term the non- compliance of which would amount to acceptance. It means that while making the offer, the date, it will be presumed to have been accepted. Hence, in this case X offers to sell his house to Y For Rs 10 Lacs and states in his letter that the offer would be considered as accepted if acceptance is not communicated within a certain time. Hence, the letter of X would not amount to a proposal.
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X offers to sell his house to Y for Rs. 10 Lacs and states in his lett...
Explanation:
In this scenario, X offers to sell his house to Y for Rs. 10 Lacs and states in his letter that the offer would be considered as accepted if acceptance is not communicated within a certain time. Let's analyze the nature of X's letter.
Definition of a proposal:
A proposal, in the context of contract law, refers to an offer made by one party (the offeror) to another party (the offeree) with the intention of creating a legally binding contract. The proposal must be communicated to the offeree, who then has the option to accept or reject the offer.
Analysis of X's letter:
X's letter can be examined based on the essential elements of a proposal.
Intention to create a legally binding contract:
In X's letter, he offers to sell his house to Y for Rs. 10 Lacs. This indicates an intention to enter into a legally binding contract.
Communication of the proposal:
X's letter communicates the offer to Y. The offer is clear and specific, stating the price and the subject matter of the contract (the house).
Acceptance by silence:
X states in his letter that the offer would be considered as accepted if acceptance is not communicated within a certain time. This indicates that X is expecting acceptance by silence or inaction on the part of Y.
Conclusion:
Based on the above analysis, X's letter does not amount to a proposal. A proposal requires a clear communication of offer, giving the offeree the option to accept or reject. In this case, X's letter does not provide Y with the opportunity to accept or reject the offer explicitly. Instead, X assumes acceptance by silence, which is not a valid form of acceptance in contract law.
Therefore, the correct answer is option C: X's letter does not amount to a proposal.
In this scenario, X offers to sell his house to Y for Rs. 10 Lacs and states in his letter that the offer would be considered as accepted if acceptance is not communicated within a certain time. Let's analyze the nature of X's letter.
Definition of a proposal:
A proposal, in the context of contract law, refers to an offer made by one party (the offeror) to another party (the offeree) with the intention of creating a legally binding contract. The proposal must be communicated to the offeree, who then has the option to accept or reject the offer.
Analysis of X's letter:
X's letter can be examined based on the essential elements of a proposal.
Intention to create a legally binding contract:
In X's letter, he offers to sell his house to Y for Rs. 10 Lacs. This indicates an intention to enter into a legally binding contract.
Communication of the proposal:
X's letter communicates the offer to Y. The offer is clear and specific, stating the price and the subject matter of the contract (the house).
Acceptance by silence:
X states in his letter that the offer would be considered as accepted if acceptance is not communicated within a certain time. This indicates that X is expecting acceptance by silence or inaction on the part of Y.
Conclusion:
Based on the above analysis, X's letter does not amount to a proposal. A proposal requires a clear communication of offer, giving the offeree the option to accept or reject. In this case, X's letter does not provide Y with the opportunity to accept or reject the offer explicitly. Instead, X assumes acceptance by silence, which is not a valid form of acceptance in contract law.
Therefore, the correct answer is option C: X's letter does not amount to a proposal.
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X offers to sell his house to Y for Rs. 10 Lacs and states in his letter that the offer would be considered as accepted if acceptance is not communicated within a certain time. Here, the letter of X would :a)Amount to a proposalb)Amount to a promisec)Not amount to a proposald)Amount to acceptanceCorrect answer is 'C'. Can you explain this answer?
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X offers to sell his house to Y for Rs. 10 Lacs and states in his letter that the offer would be considered as accepted if acceptance is not communicated within a certain time. Here, the letter of X would :a)Amount to a proposalb)Amount to a promisec)Not amount to a proposald)Amount to acceptanceCorrect answer is '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 offers to sell his house to Y for Rs. 10 Lacs and states in his letter that the offer would be considered as accepted if acceptance is not communicated within a certain time. Here, the letter of X would :a)Amount to a proposalb)Amount to a promisec)Not amount to a proposald)Amount to acceptanceCorrect answer is '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 offers to sell his house to Y for Rs. 10 Lacs and states in his letter that the offer would be considered as accepted if acceptance is not communicated within a certain time. Here, the letter of X would :a)Amount to a proposalb)Amount to a promisec)Not amount to a proposald)Amount to acceptanceCorrect answer is 'C'. Can you explain this answer?.
X offers to sell his house to Y for Rs. 10 Lacs and states in his letter that the offer would be considered as accepted if acceptance is not communicated within a certain time. Here, the letter of X would :a)Amount to a proposalb)Amount to a promisec)Not amount to a proposald)Amount to acceptanceCorrect answer is '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 offers to sell his house to Y for Rs. 10 Lacs and states in his letter that the offer would be considered as accepted if acceptance is not communicated within a certain time. Here, the letter of X would :a)Amount to a proposalb)Amount to a promisec)Not amount to a proposald)Amount to acceptanceCorrect answer is '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 offers to sell his house to Y for Rs. 10 Lacs and states in his letter that the offer would be considered as accepted if acceptance is not communicated within a certain time. Here, the letter of X would :a)Amount to a proposalb)Amount to a promisec)Not amount to a proposald)Amount to acceptanceCorrect answer is 'C'. Can you explain this answer?.
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