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Mr. A offered to sell 25 chairs to Mr. B @ 1,500 per chair on 12.02.2024. A promised B that he would keep the offer open till 15.02.2024. However, on 13.02.2024, he sold those chairs to Mr. C@ 1,700 per chair without the knowledge of B. Mr. B cornmunicated the acceptance of the above offer on 14.02.2024. Advise, with reference to provisions of The Indian Contract Act, 1872 whether Mr. B can claim damages from Mr. A?
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Mr. A offered to sell 25 chairs to Mr. B @ 1,500 per chair on 12.02.20...
Legal Framework under The Indian Contract Act, 1872
The situation between Mr. A and Mr. B revolves around the principles of offer, acceptance, and revocation as outlined in The Indian Contract Act, 1872.
Offer and Acceptance
- Mr. A made an offer to sell 25 chairs to Mr. B at ₹1,500 per chair.
- Mr. A assured Mr. B that the offer would remain open until 15.02.2024.
- Mr. B communicated his acceptance on 14.02.2024, which is within the time frame specified.
Revocation of Offer
- An offer can be revoked anytime before acceptance.
- Mr. A sold the chairs to Mr. C on 13.02.2024, which constitutes a revocation of the offer to Mr. B.
- However, this revocation was not communicated to Mr. B before his acceptance.
Legal Implications
- According to Section 5 of The Indian Contract Act, an offer is accepted when communicated to the offeror.
- Mr. A's act of selling to Mr. C without notifying Mr. B is critical.
- As Mr. B accepted the offer before any communication of revocation, a contract was formed.
Claim for Damages
- Mr. B can claim damages for breach of contract.
- Mr. A's sale to Mr. C, without notifying Mr. B, constitutes a breach.
- Mr. B may be entitled to the difference in price or any consequential losses incurred due to Mr. A’s breach.
Conclusion
In conclusion, Mr. B has a valid claim against Mr. A for damages due to the breach of contract, as the acceptance was communicated before the offer was revoked.
The situation between Mr. A and Mr. B revolves around the principles of offer, acceptance, and revocation as outlined in The Indian Contract Act, 1872.
Offer and Acceptance
- Mr. A made an offer to sell 25 chairs to Mr. B at ₹1,500 per chair.
- Mr. A assured Mr. B that the offer would remain open until 15.02.2024.
- Mr. B communicated his acceptance on 14.02.2024, which is within the time frame specified.
Revocation of Offer
- An offer can be revoked anytime before acceptance.
- Mr. A sold the chairs to Mr. C on 13.02.2024, which constitutes a revocation of the offer to Mr. B.
- However, this revocation was not communicated to Mr. B before his acceptance.
Legal Implications
- According to Section 5 of The Indian Contract Act, an offer is accepted when communicated to the offeror.
- Mr. A's act of selling to Mr. C without notifying Mr. B is critical.
- As Mr. B accepted the offer before any communication of revocation, a contract was formed.
Claim for Damages
- Mr. B can claim damages for breach of contract.
- Mr. A's sale to Mr. C, without notifying Mr. B, constitutes a breach.
- Mr. B may be entitled to the difference in price or any consequential losses incurred due to Mr. A’s breach.
Conclusion
In conclusion, Mr. B has a valid claim against Mr. A for damages due to the breach of contract, as the acceptance was communicated before the offer was revoked.
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Mr. A offered to sell 25 chairs to Mr. B @ 1,500 per chair on 12.02.2024. A promised B that he would keep the offer open till 15.02.2024. However, on 13.02.2024, he sold those chairs to Mr. C@ 1,700 per chair without the knowledge of B. Mr. B cornmunicated the acceptance of the above offer on 14.02.2024. Advise, with reference to provisions of The Indian Contract Act, 1872 whether Mr. B can claim damages from Mr. A?
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Mr. A offered to sell 25 chairs to Mr. B @ 1,500 per chair on 12.02.2024. A promised B that he would keep the offer open till 15.02.2024. However, on 13.02.2024, he sold those chairs to Mr. C@ 1,700 per chair without the knowledge of B. Mr. B cornmunicated the acceptance of the above offer on 14.02.2024. Advise, with reference to provisions of The Indian Contract Act, 1872 whether Mr. B can claim damages from Mr. A? 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 Mr. A offered to sell 25 chairs to Mr. B @ 1,500 per chair on 12.02.2024. A promised B that he would keep the offer open till 15.02.2024. However, on 13.02.2024, he sold those chairs to Mr. C@ 1,700 per chair without the knowledge of B. Mr. B cornmunicated the acceptance of the above offer on 14.02.2024. Advise, with reference to provisions of The Indian Contract Act, 1872 whether Mr. B can claim damages from Mr. A? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mr. A offered to sell 25 chairs to Mr. B @ 1,500 per chair on 12.02.2024. A promised B that he would keep the offer open till 15.02.2024. However, on 13.02.2024, he sold those chairs to Mr. C@ 1,700 per chair without the knowledge of B. Mr. B cornmunicated the acceptance of the above offer on 14.02.2024. Advise, with reference to provisions of The Indian Contract Act, 1872 whether Mr. B can claim damages from Mr. A?.
Mr. A offered to sell 25 chairs to Mr. B @ 1,500 per chair on 12.02.2024. A promised B that he would keep the offer open till 15.02.2024. However, on 13.02.2024, he sold those chairs to Mr. C@ 1,700 per chair without the knowledge of B. Mr. B cornmunicated the acceptance of the above offer on 14.02.2024. Advise, with reference to provisions of The Indian Contract Act, 1872 whether Mr. B can claim damages from Mr. A? 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 Mr. A offered to sell 25 chairs to Mr. B @ 1,500 per chair on 12.02.2024. A promised B that he would keep the offer open till 15.02.2024. However, on 13.02.2024, he sold those chairs to Mr. C@ 1,700 per chair without the knowledge of B. Mr. B cornmunicated the acceptance of the above offer on 14.02.2024. Advise, with reference to provisions of The Indian Contract Act, 1872 whether Mr. B can claim damages from Mr. A? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mr. A offered to sell 25 chairs to Mr. B @ 1,500 per chair on 12.02.2024. A promised B that he would keep the offer open till 15.02.2024. However, on 13.02.2024, he sold those chairs to Mr. C@ 1,700 per chair without the knowledge of B. Mr. B cornmunicated the acceptance of the above offer on 14.02.2024. Advise, with reference to provisions of The Indian Contract Act, 1872 whether Mr. B can claim damages from Mr. A?.
Solutions for Mr. A offered to sell 25 chairs to Mr. B @ 1,500 per chair on 12.02.2024. A promised B that he would keep the offer open till 15.02.2024. However, on 13.02.2024, he sold those chairs to Mr. C@ 1,700 per chair without the knowledge of B. Mr. B cornmunicated the acceptance of the above offer on 14.02.2024. Advise, with reference to provisions of The Indian Contract Act, 1872 whether Mr. B can claim damages from Mr. A? in English & in Hindi are available as part of our courses for CA Foundation.
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Here you can find the meaning of Mr. A offered to sell 25 chairs to Mr. B @ 1,500 per chair on 12.02.2024. A promised B that he would keep the offer open till 15.02.2024. However, on 13.02.2024, he sold those chairs to Mr. C@ 1,700 per chair without the knowledge of B. Mr. B cornmunicated the acceptance of the above offer on 14.02.2024. Advise, with reference to provisions of The Indian Contract Act, 1872 whether Mr. B can claim damages from Mr. A? defined & explained in the simplest way possible. Besides giving the explanation of
Mr. A offered to sell 25 chairs to Mr. B @ 1,500 per chair on 12.02.2024. A promised B that he would keep the offer open till 15.02.2024. However, on 13.02.2024, he sold those chairs to Mr. C@ 1,700 per chair without the knowledge of B. Mr. B cornmunicated the acceptance of the above offer on 14.02.2024. Advise, with reference to provisions of The Indian Contract Act, 1872 whether Mr. B can claim damages from Mr. A?, a detailed solution for Mr. A offered to sell 25 chairs to Mr. B @ 1,500 per chair on 12.02.2024. A promised B that he would keep the offer open till 15.02.2024. However, on 13.02.2024, he sold those chairs to Mr. C@ 1,700 per chair without the knowledge of B. Mr. B cornmunicated the acceptance of the above offer on 14.02.2024. Advise, with reference to provisions of The Indian Contract Act, 1872 whether Mr. B can claim damages from Mr. A? has been provided alongside types of Mr. A offered to sell 25 chairs to Mr. B @ 1,500 per chair on 12.02.2024. A promised B that he would keep the offer open till 15.02.2024. However, on 13.02.2024, he sold those chairs to Mr. C@ 1,700 per chair without the knowledge of B. Mr. B cornmunicated the acceptance of the above offer on 14.02.2024. Advise, with reference to provisions of The Indian Contract Act, 1872 whether Mr. B can claim damages from Mr. A? theory, EduRev gives you an
ample number of questions to practice Mr. A offered to sell 25 chairs to Mr. B @ 1,500 per chair on 12.02.2024. A promised B that he would keep the offer open till 15.02.2024. However, on 13.02.2024, he sold those chairs to Mr. C@ 1,700 per chair without the knowledge of B. Mr. B cornmunicated the acceptance of the above offer on 14.02.2024. Advise, with reference to provisions of The Indian Contract Act, 1872 whether Mr. B can claim damages from Mr. A? tests, examples and also practice CA Foundation tests.
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