Read Assertion (A) and Reason (R) and give the correct answer by using the given below:<br>Assertion (A): A proposal may be revoked at any time before the communication of its acceptance is complete as against the proposer, But not afterwards.<br>Reason (R): Section 5 of the Indian contract Act 1872, deals with the revocation of proposals and acceptances.

. . . . . . . . of the Indian Contract Act, 1872 prescribes that the acceptance must be made in a reasonable manner. If the proposer has prescribed a manner of acceptance, the acceptance must be made in that manner, if not so made, there is a contract only if the proposer 'accepts the acceptance'

A

Section 7(2)

B

Section 7(3)

C

Section 7(4)

D

None of these

An assertion and a reason are given below. Assertion: The phenomenon of nuclear fission generates great energy. Reason: The process in which a nucleus is broken into two parts is called nuclear fission. Choose the answer. A. Both Assertion and Reason are true and Reason is the correct explanation of Assertion. B. Both Assertion and Reason are true but Reason is not the correct explanation of Assertion. C. Both Assertion and Reason are false. D. Assertion is true but Reason is false.

A

B

D

C

B

D

C

Given below are two statements, one labeled as Assertion (A) and the other labeled as Reason (R). Read the statements and choose the correct answer using the given below.
Assertion (A): The communication of a proposal is complete when it comes to the knowledge of the person to whom it is made.
Reason (R): Section 4 of the Indian Contract Act, 1872 deals with the issue of completeness of communication.

A

Both (A) and (R) are correct, but (R) is not related to (A)

B

(A) is correct, but (R) is false

C

(R) is correct, but (A) is false

D

Both (A) and (R) are true and (R) is the correct explanation of (A)

As per the Indian Contract Act, 1872, the communication of an acceptance is complete:
1. As against the acceptor when it comes to the knowledge of the proposer.
2. As against the proposer when it is put in a course of transmission to him so as to be out of the power of the acceptor.
Based on the above two propositions, decide:

A

Only (1) is correct

B

Only (2) is correct

C

Both (1) and (2) are correct

D

None of the above two propositions is correct

A clause of one Special Voluntary Retirement Package (SVRP) stated inter alia that once option is made, the employee making the offer cannot withdraw it. Section 5 of the Contract Act states that an acceptance may be revoked at any time before the communication of the acceptance is complete as against the acceptor, but not afterwards. Decide which of the following is true?

A

The provisions of the Section 5 shall have effect always

B

The provisions of SVRP shall be enforceable since it is statutory in nature

C

Both may be made applicable at the same time

D

Since SVRP is a matter of invitation to offer, Section 5 is not applicable

Consider the following statements:
1. There may be situations where only one party is bound to the terms of the contract.
2. In order to convert a proposal into a promise, the acceptance must be absolute and may be unqualified.
3. Death or insanity of the proposer is considered as good ground for revocation of proposal in all circumstances.
Choose the correct option from below:

A

Only 1 is correct

B

Only 2 is correct

C

1 and 2 are correct

D

1 and 3 are correct

When is the communication of proposals, the acceptance of proposals and the revocation of proposals deemed to be made?

A

Only on clear verbal communication of such proposal, acceptance or revocation

B

By any act or omission of the party by which he intends to communicate such proposal, acceptance or revocation or has the effect of communicating it

C

Only when the proposal, acceptance or revocation of the proposal is recorded in writing

D

Only when the proposal, acceptance or revocation of the proposal is received and understood by the other party receiving the information

A

37%

B

45%

C

49%

D

38%

Consider the following statements:
The communication of an acceptance is complete
1. As against the acceptor when it comes to the knowledge of the proposer.
2. As against the proposer, when it is put in a course of transmission to him, so as to be out of the power of the acceptor.
Which of the statements given above is/are correct?

A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

Consider the following statements in respect of acceptance:
1. In case of telephonic conversation, the contract is complete when the acceptor speaks the words of acceptance.
2. Conditional or qualified acceptance is also an acceptance.
3. Acceptance should be in the usual prescribed manner.
Which of the statements given above is/are correct?

A

1 and 2

B

2 and 3

C

3 only

D

1 and 3

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