Which of the following is false an offer to be valid must?

Which of the following is false an offer to be valid must?

Correct answer is option ‘C’. Can you explain this answer? is done on EduRev Study Group by CA Foundation Students. The Questions and Answers of Which of the following is false? An offer to be valid must:a)Intend to create legal relations.

What is the legal effect of the acceptance of an offer?

When a people make the offer, if it is accepted by an offeree, then will result in a legally enforceable contract. Section 2(b) of said Act state that ‘when the person to whom the proposal is made signifies his assent thereto, the proposal is said to have been accepted’.

What is the rule of acceptance?

The Indian Contract Act 1872 defines acceptance in Section 2 (b) as “When the person to whom the proposal has been made signifies his assent thereto, the offer is said to be accepted. Thus the proposal when accepted becomes a promise.”

Where a meaningless term is used in an agreement the effect is?

Where a meaningless term is used in an agreement, the effect is? a) The entire contract will be held unenforceable.

What is the difference between an acceptance and a counteroffer?

A counter offer is an offeree’s new offer that varies the terms of the original offer and therefore, constitutes a rejection of the original offer. An acceptance, which is upon condition or with a limitation, is a counteroffer and requires acceptance by the original offeror before a contractual relationship can exist.

Can a contract be made without consideration?

Can you make a legal agreement without consideration? No. As per Section 10 and Section 25 of the Indian Contract Act, 1872, consideration is essential in a valid contract. In simple words, no consideration no contract.

Why is consideration required for a valid contract?

When forming a contract, consideration is needed in order to make the agreement a formal, valid contract. Consideration is needed so that both parties incur some sort of burden or obligation in the agreement. Without consideration, the exchange would likely be classified as a gift.