What is business law What are the different sources of Indian business law?
The Indian Contract Act, 1872, the Sale of Goods Act, 1930, the Companies Act, 1956 are some of the examples of the statute law.
The law making power in India is vested in Parliament and the state legislature.
Judicial decisions are also called as case laws..
What is the final appeal court in the United Kingdom in relation to domestic cases?
The Supreme Court: is the final court of appeal for all United Kingdom civil cases, and criminal cases from England, Wales and Northern Ireland. hears appeals on arguable points of law of general public importance..
Which of the following acts brings an offer to an end?
In conclusion, offer can be terminated by Revocation, Rejection, Lapse of time, Conditional Offer, Operation of law, Death, Acceptance and Illegality..
Which of the following does not amount to acceptance of an offer?
Silence does not constitute acceptance if the oferee does not show any impression to the offeror that silence will be considered as acceptance..
Which one of the following statements provides an accurate description of executory consideration?
c) Executory consideration is consideration that is promised following the other party's performance of an act..
- In conclusion, offer can be terminated by Revocation, Rejection, Lapse of time, Conditional Offer, Operation of law, Death, Acceptance and Illegality.
- Silence does not constitute acceptance if the oferee does not show any impression to the offeror that silence will be considered as acceptance.
- The offer and acceptance need not be communicated: This statement is incorrect.
For a contract to be valid, the offer and acceptance must be communicated between the parties.
Both parties need to be aware of and agree to the terms of the contract.
Silence or inaction generally does not constitute acceptance.
