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There is no binding Contract in case of -------- as one’s offer cannot be construed as acceptance

  • a)
    Counter offer

  • b)
    Standing offer

  • c)
    Cross offer

  • d)
    Special offer

Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
There is no binding Contract in case of -------- as one’s offer ...
Party is under the age of majority or lacks mental capacity to enter into a contract.
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There is no binding Contract in case of -------- as one’s offer ...
In cross offer , 2 people give each other offers of same nature without knowing of the same. Their offers cannot be taken as mutual acceptance. Therefore no binding contract is formed.For eg - A offers B to buy his car for 1 lac . At the same time B offers A to sell his car for 1 lac wothout having knowledege of A’s offer. These offers cannot be treated as mutual acceptance and thus no contract.I hope you understand what im trying to say . Hope it clears your doubt :)
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There is no binding Contract in case of -------- as one’s offer cannot be construed as acceptancea)Counter offerb)Standing offerc)Cross offerd)Special offerCorrect answer is option 'C'. Can you explain this answer?
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There is no binding Contract in case of -------- as one’s offer cannot be construed as acceptancea)Counter offerb)Standing offerc)Cross offerd)Special offerCorrect answer is option 'C'. 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 There is no binding Contract in case of -------- as one’s offer cannot be construed as acceptancea)Counter offerb)Standing offerc)Cross offerd)Special offerCorrect answer is option 'C'. 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 There is no binding Contract in case of -------- as one’s offer cannot be construed as acceptancea)Counter offerb)Standing offerc)Cross offerd)Special offerCorrect answer is option 'C'. Can you explain this answer?.
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