Beruflich Dokumente
Kultur Dokumente
Quiz-1
PGDM (IM), Batch-2
Marks: 15
Date of Exam: 06/08/2016 Duration: 30 minutes
Roll No:
Note: Reading material, text book and lecture slides are not allowed.
3. Goods displayed in a shop window with a price label will normally amount to:
(A) Offer.
(B) Acceptance to offer.
(C) Invitation to treat.
(D) Counter offer.
6. Two statements are given below. One is labelled as Assertion (A) and the
other is labelled as Reason (R). Examine these statements and select the
correct combination of the codes.
Assertion (A): Partial acceptance is no acceptance.
Reason (R): Acceptance must be absolute and unconditional.
Codes:
Codes:
(A) (ii), (iv), (iii), (i)
(B) (i), (iii), (ii), (iv)
(C) (i), (iv), (ii), (iii)
(D) (ii), (i), (iii), (iv).
10. By sending a letter, X offers to sell his factory to Y for Rs 20 lakh. At the
same time, Y by a letter, which crosses the above letter while in post, offers
to buy the said factory for Rs 20 lakh. In this context, which one of the
following propositions is correct?
(A) A contract is concluded when these two letters cross each other in post.
(B) A contract is concluded when the letter posted by X reaches Y.
(C) No contract is concluded.
(D) A contract is concluded only when the letter posted by Y reaches X.
11. M offers to sell his vehicle to N for Rs 10 lakh. N replies: Can I pick it up
tomorrow by any chance? M responds: If you pay by cheque, then it must
be cleared by my bank before you can drive the vehicle away; but if you pay
by cash, you can pick up the vehicle immediately if you wish. N replies: I
accept your very generous offer. Ill pay by cheque but I need to collect the
vehicle immediately. The next morning, N sends another message to M:
Okay. I can pay by cash. N turns up to pay that afternoon, but M then
refuses to sell his car to N because he has received a better offer from O.
Which one of the following statements most accurately describes the legal
position between M and N?