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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
Correct answer is 'B'. Can you explain this answer?
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In an auction sale, X is the highest bidder. The auctioneer accepts th...
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.
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In an auction sale, X is the highest bidder. The auctioneer accepts th...
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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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 acceptanceCorrect answer is 'B'. Can you explain this answer?
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