CMA Foundation · Fundamentals of Business Laws and Business Communication · Essential Elements of a Contract, Offer and Acceptance
Which one of the following is a requirement for a valid acceptance under the Indian Contract Act, 1872 where the proposal prescribes no manner of acceptance?
Where the proposal prescribes no manner, acceptance must be expressed in some usual and reasonable manner, besides being absolute and unqualified. The Act does not insist on writing, signatures, a particular mode like post, or cash payment at the time of acceptance.
- AIt must be in writing and signed by both parties
- BIt must be expressed in some usual and reasonable mannerCorrect
- CIt must be made only by post or telegram
- DIt must be accompanied by payment of consideration in cash
Explanation
Where no manner is prescribed, acceptance must be expressed in some usual and reasonable manner and be absolute and unqualified. The Act does not require writing, signatures, post or cash payment for acceptance.
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