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

Correct Answer: 3 only

Consider the following statements:
(1) In case of breach of contract generally damages are awarded.
(2) In case of breach of contract, remedy of specific performance of contract is always given.
(3) In case of breach of contract, fine is also imposed along with the award of damages.
(4) In exceptional cases where damages are not adequate compensation, remedy of specific performance can be given.
Which of the statements given above are correct?

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?

. . . . . . . . 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'

Which of the following are the drawbacks of acceptance sampling? (i) Acceptance sampling is less expensive. (ii) Acceptance sampling has the risk of accepting good lots and rejecting bad lots. (iii) Acceptance sampling requires planning and documentation of the acceptance-sampling procedure whereas 100% inspection does not. (iv) Acceptance sampling requires less manpower.

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:

Following is/are essentialt(s) of valid contract as per Indian Contract Act, 1872.
(1) Parties to contract should have capacity to contract.
(2) Parties to contract should have legal mind.
(3) Parties to contract should be intelligent.
(4) Invitation to offer should be accepted.
Find correct answer:

In an examination, the percentage of students qualified to the number of students appeared from school A is 70%. In school B, the number of students appeared is 20% more than the students appeared from school A and the number of students qualified from school B is 50% more than the students qualified from school A. What is the percentage of students qualified to the number of students appeared from school B ?

Consider the following statements:
In Bhagvandas Goverdhandas Kedia v. Girdharilal Parshottamdas and Co. it was laid down that
1. section 4 does not imply that the contract is made qua the proposer at one place and qua the acceptor at another place.
2. the communication of acceptance should be from a person who has the authority to accept. Information received from an unauthorized person is ineffective.
Which of the statements given above is/are correct?

A telephonic conversation was secretly tapped by the police while the accused was having conversation with his friend. Can this lay basis for raising the issue validly that:

Which of the following statements are true?
(1) Minor's contract can be ratified on attaining majority.
(2) Minor's contract cannot be ratified on attaining majority.
(3) Minor's contract can be ratified jointly by both the parties to the contract.
(4) Minor is not liable under minor's contract.
(5) Minor's contract is an enforceable contract.