Non- fulfillment by an offeree of a condition precedent to acceptance leads to __________. (a) Comp - (c) Lapse Description: If an offer contains a condition that offeree has to perform that condition as a token of acceptance and the offeree fails to fulfill the condition then, it amounts to non- acceptance on the part of offeree. In such a case, offer is said to have been lapsed. - Nature of contracts Interview Questions and Answers

CoolInterview.com - World's Largest Collection of Interview Questions & Answers, FAQs, queries, sample papers, exam papers, dumps, what, why, how, where, when questions

OneStopTesting.com - Testing EBooks, Tutorials, Articles, Jobs, Training Institutes etc.
OneStopGate.com - Gate EBooks, Tutorials, Articles, FAQs, Jobs, Training Institutes etc.
OneStopMBA.com - MBA EBooks, Tutorials, Articles, FAQs, Jobs, Training Institutes etc.
OneStopIAS.com - IAS EBooks, Tutorials, Articles, FAQs, Jobs, Training Institutes etc.
OneStopSAP.com - SAP EBooks, Tutorials, Articles, FAQs, Jobs, Training Institutes etc.
OneStopGRE.com - of GRE EBooks, Tutorials, Articles, FAQs, Jobs, Training Institutes etc.

Sponsored Links

Interview Questions

INTERVIEW QUESTIONS

MERCANTILE LAW

NATURE OF CONTRACTS

DETAILS

Question: Non- fulfillment by an offeree of a condition precedent to acceptance leads to __________.
(a) Completion
(b) Communication
(c) Lapse
(d) Execution

Answer: (c) Lapse
Description: If an offer contains a condition that offeree has to perform that condition as a token of acceptance and the offeree fails to fulfill the condition then, it amounts to non- acceptance on the part of offeree. In such a case, offer is said to have been lapsed.

Category	Nature of contracts Interview Questions & Answers - Exam Mode / Learning Mode
Rating	(0.2) By 9571 users
Added on	11/29/2016
Views	70369
Rate it!

Question: Non- fulfillment by an offeree of a condition precedent to acceptance leads to __________.
(a) Completion
(b) Communication
(c) Lapse
(d) Execution

Answer:

(c) Lapse
Description: If an offer contains a condition that offeree has to perform that condition as a token of acceptance and the offeree fails to fulfill the condition then, it amounts to non- acceptance on the part of offeree. In such a case, offer is said to have been lapsed. Source: CoolInterview.com

If you have the better answer, then send it to us. We will display your answer after the approval.

Rules to Post Answers in CoolInterview.com:-

There should not be any Spelling Mistakes.

There should not be any Gramatical Errors.

Answers must not contain any bad words.

Answers should not be the repeat of same answer, already approved.

Answer should be complete in itself.

	Related Questions	View Answer
	Only those agreements which _________ are contracts: (a) Contains a promise (b) Are not legally enforceable (c) Are legally enforceable (d) Are not void	View Answer
	Legal obligation means a duty enforceable by: (a) Law (b) Society (c) Custom (d) none of the above	View Answer
	For a binding contract both the parties to the contract must: (a) Agree upon the same thing in the same sense (b) Put the offers and counter offer (c) Stipulate their individual offer and consideration (d) Not agree with each other	View Answer
	A offers to sell his house to B, who agrees to purchase it subject to approval by B's solicitors. Which one of the statements is correct? (a) B's statement is absolute and unqualified (b) B's statement is not absolute and unqualified (c) B's statement is absolute but qualified (c) All the above statements are correct	View Answer
	a voidable contract is one which is ______________. (a) Not enforceable by either of the parties thereto (b) Enforceable by either of the parties thereto (c) Enforceable only with the permission of the court (d) Enforceable at the option of one of the parties thereto	View Answer
	A contract where the consent of the one of the parties has been obtained by undue influences, will become _____________ (a) Void and cannot be enforced (b) Voidable at the option of the party whose consent has been obtained by undue influence (c) Valid provided it is approved by court of law (d) An illegal contract	View Answer
	Yatra travels operates AC buses from Mumbai to Nasik. The bus is standing at the bus stop in Mumbai waiting for passengers travelling to Nasik and is ready for departure. There is an __________ for passengers to board. (a) Internal Offer (b) External Offer (c) Express Offer (d) Implied Offer	View Answer
	When offer is made to a definite person, it is known as (a) Special Offer (b) Counter Offer (c) Cross Offer (d) General Offer	View Answer
	In telephonic conversation, the acceptance is completed when: (a) The words are heard by the offeror (b) The words are spoken by the offeree (c) The words are heard and action is taken (d) None of these	View Answer
	A prospectus issued by a company for subscription of its share and debentures is: (a) An invitation to make an offer to buy (b) An express offer to sell the share/ debentures (c) Implied offer to sell the share/ debenture (d) None of the above	View Answer
	All agreements are contracts if they are made by the free consent of the parties competent to contract, for a lawful consideration and with a lawful object and are not expressly declared as _____ by law. (a) Valid (b) Void (c) Lawful (d) Forceable	View Answer
	A contract known by conduct of parties. (a) Implied contract (b) Express contract (c) Unilateral contract (d) Tacit contract	View Answer
	A one- sided contract in which only one party has to perform his promise called (a) Bilateral contract (b) Executory contract (c) Unilateral contract (d) Executed contract	View Answer
	A sells some smuggled goods at Rs. 100. The contract is void on the ground: (a) Illegality (b) Opposed to public policy (c) Fraudulent (d) None of the above	View Answer
	A sells some smuggled goods at Rs. 100. The contract is void on the ground: (a) Illegality (b) Opposed to public policy (c) Fraudulent (d) None of the above	View Answer
	A price list belongs to the category of: (a) An offer (b) An invitation to offer (c) Answer to a querry (d) Acceptance of an offer	View Answer
	A asks B a watch repairer to repair his watch without forming any contractual relationship, still a legal relationship has arisen and it will create _____________ (a) Express Contract (b) Implied Contract (c) Tacit Contarct (d) Formal Contract	View Answer
	Which of the following is false? An offer to be valid must: (a) Contain a term the non compliance of which would amount to acceptance (b) Be certain and definite (c) Be capable of creating legal relations (d) Be communicated to the person to whom offer is made	View Answer
	Cash withdrawn through ATM of a bank is: (a) Unilateral Contract (b) Tacit Contract (c) Executed Contract (d) Executory Contract	View Answer
	B sends acceptance through telegram to A and it was lost in transit due to mishandling of postman. The contract is: (a) Voidable (b) Valid (c) Void (d) Illegal	View Answer

Please Note: We keep on updating better answers to this site. In case you are looking for Jobs, Pls Click Here Vyoms.com - Best Freshers & Experienced Jobs Website.

View All Nature of contracts Interview Questions & Answers - Exam Mode / Learning Mode