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Is this possible in a implied contract that both offer and acceptance are made otherwise than in words?if it is possible then please give me an example of it.?
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Is this possible in a implied contract that both offer and acceptance ...
Implied Contract with Offer and Acceptance
An implied contract can exist even without explicit words of offer and acceptance. In such cases, the conduct of the parties involved can be interpreted as an offer and acceptance.
Example
Imagine a scenario where a person walks into a store, picks up a product, goes to the cashier, and hands over money in exchange for the product. In this situation, the act of picking up the product and taking it to the cashier can be seen as the offer, while accepting the money can be seen as acceptance.
Explanation
In the example provided, the actions of the parties involved indicate a mutual understanding and agreement to enter into a contract. The person picking up the product is showing an intention to purchase it, while the cashier accepting the money is agreeing to sell the product at the stated price. Even though no verbal communication took place, the conduct of the parties can be seen as an offer and acceptance in forming a contract.
In conclusion, while verbal communication is often used to express offer and acceptance in contracts, it is possible for an implied contract to be formed based on the actions and conduct of the parties involved.
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Is this possible in a implied contract that both offer and acceptance are made otherwise than in words?if it is possible then please give me an example of it.?
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Is this possible in a implied contract that both offer and acceptance are made otherwise than in words?if it is possible then please give me an example of it.? 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 Is this possible in a implied contract that both offer and acceptance are made otherwise than in words?if it is possible then please give me an example of it.? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Is this possible in a implied contract that both offer and acceptance are made otherwise than in words?if it is possible then please give me an example of it.?.
Is this possible in a implied contract that both offer and acceptance are made otherwise than in words?if it is possible then please give me an example of it.? 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 Is this possible in a implied contract that both offer and acceptance are made otherwise than in words?if it is possible then please give me an example of it.? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Is this possible in a implied contract that both offer and acceptance are made otherwise than in words?if it is possible then please give me an example of it.?.
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