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Which of the following statements is not correct?
- a)Acceptance must be absolute
- b)Communication of an offer is essential
- c)Acceptance may be given in any manner
- d)An offer must not be conditional
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Which of the following statements is not correct?a)Acceptance must be ...
An offer must not be conditional.
Most Upvoted Answer
Which of the following statements is not correct?a)Acceptance must be ...
Incorrect Statement: An offer must not be conditional.
Explanation: A conditional offer is a valid offer. A conditional offer is an offer that is made subject to certain conditions. For example, an offer to buy a house may be conditional upon the buyer being able to obtain financing or upon the completion of a home inspection. As long as the conditions are clearly stated, the offer is valid.
Correct Statements:
- Acceptance must be absolute: This means that acceptance must be unconditional and must match the terms of the offer. Any attempt to change the terms of the offer or to add new conditions is not considered acceptance but a counteroffer.
- Communication of an offer is essential: An offer must be communicated to the offeree for it to be valid. Communication can be done orally, in writing, or by conduct. However, the communication must be clear and unambiguous.
- Acceptance may be given in any manner: Acceptance can be given in any manner that is reasonable under the circumstances. This can include oral, written, or conduct that clearly indicates acceptance.
Conclusion: The incorrect statement is option D, "An offer must not be conditional."
Explanation: A conditional offer is a valid offer. A conditional offer is an offer that is made subject to certain conditions. For example, an offer to buy a house may be conditional upon the buyer being able to obtain financing or upon the completion of a home inspection. As long as the conditions are clearly stated, the offer is valid.
Correct Statements:
- Acceptance must be absolute: This means that acceptance must be unconditional and must match the terms of the offer. Any attempt to change the terms of the offer or to add new conditions is not considered acceptance but a counteroffer.
- Communication of an offer is essential: An offer must be communicated to the offeree for it to be valid. Communication can be done orally, in writing, or by conduct. However, the communication must be clear and unambiguous.
- Acceptance may be given in any manner: Acceptance can be given in any manner that is reasonable under the circumstances. This can include oral, written, or conduct that clearly indicates acceptance.
Conclusion: The incorrect statement is option D, "An offer must not be conditional."
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Which of the following statements is not correct?a)Acceptance must be ...
An acceptance must in correct time and manner it means pescribed time and pescribed mode
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Which of the following statements is not correct?a)Acceptance must be absoluteb)Communication of an offer is essentialc)Acceptance may be given in any mannerd)An offer must not be conditionalCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following statements is not correct?a)Acceptance must be absoluteb)Communication of an offer is essentialc)Acceptance may be given in any mannerd)An offer must not be conditionalCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements is not correct?a)Acceptance must be absoluteb)Communication of an offer is essentialc)Acceptance may be given in any mannerd)An offer must not be conditionalCorrect answer is option 'D'. Can you explain this answer?.
Which of the following statements is not correct?a)Acceptance must be absoluteb)Communication of an offer is essentialc)Acceptance may be given in any mannerd)An offer must not be conditionalCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following statements is not correct?a)Acceptance must be absoluteb)Communication of an offer is essentialc)Acceptance may be given in any mannerd)An offer must not be conditionalCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements is not correct?a)Acceptance must be absoluteb)Communication of an offer is essentialc)Acceptance may be given in any mannerd)An offer must not be conditionalCorrect answer is option 'D'. Can you explain this answer?.
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