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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.

Correct Answer: Both (A) and (R) are correct, and (R) is the correct explanation of (A)

. . . . . . . . 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'

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.

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 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?

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:

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

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?

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?

The following questions are based on the information given below: An advertising agency finds that, of its 170 clients, 115 read Indian Express, 110 read The Hindu and 130 read Times of India. Also 85 read Indian Express and Times of India, 75 read Indian Express and The Hindu, 95 read The Hindu and Times of India and 70 read all the three. How many read Indian Express and Times of India but not The Hindu?

An acceptance may be revoked at any time before the communication of its acceptance is complete: