CA Foundation Exam > CA Foundation Questions > Price list is a ____________.a)Invitation to ...
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Price list is a ____________.
- a)Invitation to offer.
- b)Offer.
- c)Both (a) & (b)
- d)None of the above.
Correct answer is 'A'. Can you explain this answer?
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Price list is a ____________.a)Invitation to offer.b)Offer.c)Both (a) ...
Price list is a ____________.
The correct answer is option A: Invitation to offer. Here's why:
Explanation:
- A price list is a document that contains the prices of goods or services offered by a company or business.
- It serves as an invitation to potential customers or buyers to consider the products or services and make an offer to purchase.
- The price list provides information about the prices and specifications of the products or services, allowing customers to evaluate their options.
- However, it does not constitute a legally binding offer.
- The price list is an invitation for customers to make an offer based on the listed prices and terms.
- Once the customer makes an offer, the seller can either accept or reject the offer, forming a legally binding contract.
In summary, a price list serves as an invitation to offer, allowing customers to consider the products or services and make an offer based on the listed prices and terms. It is not a legally binding offer itself.
The correct answer is option A: Invitation to offer. Here's why:
Explanation:
- A price list is a document that contains the prices of goods or services offered by a company or business.
- It serves as an invitation to potential customers or buyers to consider the products or services and make an offer to purchase.
- The price list provides information about the prices and specifications of the products or services, allowing customers to evaluate their options.
- However, it does not constitute a legally binding offer.
- The price list is an invitation for customers to make an offer based on the listed prices and terms.
- Once the customer makes an offer, the seller can either accept or reject the offer, forming a legally binding contract.
In summary, a price list serves as an invitation to offer, allowing customers to consider the products or services and make an offer based on the listed prices and terms. It is not a legally binding offer itself.
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Price list is a ____________.a)Invitation to offer.b)Offer.c)Both (a) ...
Invitation to offer
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Price list is a ____________.a)Invitation to offer.b)Offer.c)Both (a) & (b)d)None of the above.Correct answer is 'A'. Can you explain this answer?
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