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INTERVIEW QUESTIONS MERCANTILE LAW NATURE OF CONTRACTS DETAILS

Question: _________ amounts to rejection of the original offer.
(a) Cross offer
(b) Special offer
(c) Standing offer
(d) Counter offer

Answer: (d) Counter offer
Description: When the offeree offers to qualified acceptance of the offer subject to modifications and variations in the terms of original offer, he is said to have made a counter offer. Counter offer amounts to rejection of the original offer. Thus option (d) is the correct answer.

Category Nature of contracts Interview Questions & Answers - Exam Mode / Learning Mode
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Question: _________ amounts to rejection of the original offer.
(a) Cross offer
(b) Special offer
(c) Standing offer
(d) Counter offer


Answer:

(d) Counter offer
Description: When the offeree offers to qualified acceptance of the offer subject to modifications and variations in the terms of original offer, he is said to have made a counter offer. Counter offer amounts to rejection of the original offer. Thus option (d) is the correct answer. Source: CoolInterview.com



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Related Questions
View Answer
Which of the following statements is not correct?
(a) Acceptance must be absolute
(b) Communication of an offer is essential
(c) An offer must not be conditional
(d) Acceptance may be given in any manner
View Answer
A void contract means:
(a) An agreement which is not enforceable by law
(b) A contract which ceases to be enforceable by law
(c) An agreement which creates liability for punishment
(d) A contract which is enforceable at the option of an aggrieved party
View Answer
A advertises to sell his old car by advertising in a newspaper. This offer is caleed:
(a) General Offer
(b) Special Offer
(c) Continuing Offer
(d) None of the above
View Answer
In case a counter offer is made, the original offer stands:
(a) Rejected
(b) Accepted automatically
(c) Accepted subject to certain modifications and variations
(d) None of the above
View Answer
In case of unenforceable contract having some technical defect, parties
(a) Can sue upon it
(b) Cannot sue upon it
(c) Should consider it to be illegal
(d) None of the above
View Answer
If entire specified goods is perished before entering into contract of sale, the contract is
(a) Valid
(b) Void
(c) Voidable
(d) Cancelled
View Answer
______________ contracts are also caled contracts with executed consideration.
(a) Unilateral
(b) Completed
(c) Bilateral
(d) Executory
View Answer
A offers B to supply books @ Rs 100 each but B accepts the same with condition of 10% discount. This is a case of
(a) Counter Offer
(b) Cross Offer
(c) Specific Offer
(d) General Offer
View Answer
_____________ is a game of chance.
(a) Conditional Contract
(b) Contingent Contract
(c) Wagering Contract
(d) Quasi Contract
View Answer
There is no binding contract in case of _______ as one's offer cannot be constructed as acceptance
(a) Cross Offer
(b) Standing Offer
(c) Counter Offer
(d) Special Offer
View Answer
____________ is good in substance, but suffers from some technical defects like absence in writing, barred by limitation etc.
(a) Valid contract
(b) Voidable contract
(c) Illegal contarct
(d) Unenforceable contract
View Answer
An offer is made with an intention to have negotiation from other party. This type of offer is:
(a) Invitation to offer
(b) Valid offer
(c) Voidable
(d) None of the above
View Answer
Under the Indian Contract Act, 1872, the enforceability at law of an agreement requires:
(a) Lawful agreement
(b) Lawful consideration
(c) Free consent of the parties to the agreement
(d) All of the above
View Answer
A contract is an agreement:
(a) Made by the parties who are competent to contract
(b) Not enforceable by law
(c) Enforceable at the option of the aggrieved party
(d) Made without free consent and consideration
View Answer
When an offer is made to the world at large, it is ____________ offer.
(a) Counter
(b) Special
(c) General
(d) None of the above
View Answer
Implied contract even if not in writing or express words is perfectly _______________ if all the conditions are satisfied:-
(a) Void
(b) Voidable
(c) Valid
(d) Illegal
View Answer
A specific offer can be accepted by ___________.
(a) Any person
(b) Any friend to offeror
(c) The person to whom it is made
(d) Any friend of offeree
View Answer
An agreement toput a fire on a person's car is a ______:
(a) Legal
(b) Voidable
(c) Valid
(d) Illegal
View Answer
"Holiday Packages" announced as an advertisement are an example of _________:
(a) Offer
(b) Counter Offer
(c) Invitation to Offer
(d) None of the above
(a) Offer
(b) Co - Nature of contracts Interview Questions & Answers"> View Answer
H, a coolie in uniform at the railway station carried the luggage of Z, a passenger, from the platform to the taxi stand without being asked by Z to do so and Z did not attempt to stop him from carrying the luggage. In this case, Z _______ to make payment to H:
(a) Is bound
(b) Is not bound
(c) Is free
(d) None of the above
View Answer

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Latest 20 Questions
Payment of time- barred debt is: (a) Valid (b) Void (c) Illegal (d) Voidable
Consideration is defined in the Indian Contract Act,1872 in: (a) Section 2(f) (b) Section 2(e) (c) Section 2(g) (d) Section 2(d)
Which of the following is not an exception to the rule, "No consideration, No contract": (a) Natural love and affection (b) Compensation for involuntary services (c) Completed gift (d) Agency
Consideration must move at the desire of: (a) The promisor (b) The promisee (c) The promisor or any other party (d) Both the promisor and the promisee
An offer which is open for acceptance over a period of time is: (a) Cross Offer (b) Counter Offer (c) Standing Offer (d) Implied Offer
Specific offer can be communicated to__________ (a) All the parties of contract (b) General public in universe (c) Specific person (d) None of the above
_________ amounts to rejection of the original offer. (a) Cross offer (b) Special offer (c) Standing offer (d) Counter offer
A advertises to sell his old car by advertising in a newspaper. This offer is caleed: (a) General Offer (b) Special Offer (c) Continuing Offer (d) None of the above
In case a counter offer is made, the original offer stands: (a) Rejected (b) Accepted automatically (c) Accepted subject to certain modifications and variations (d) None of the above
In case of unenforceable contract having some technical defect, parties (a) Can sue upon it (b) Cannot sue upon it (c) Should consider it to be illegal (d) None of the above
If entire specified goods is perished before entering into contract of sale, the contract is (a) Valid (b) Void (c) Voidable (d) Cancelled
______________ contracts are also caled contracts with executed consideration. (a) Unilateral (b) Completed (c) Bilateral (d) Executory
A offers B to supply books @ Rs 100 each but B accepts the same with condition of 10% discount. This is a case of (a) Counter Offer (b) Cross Offer (c) Specific Offer (d) General Offer
_____________ is a game of chance. (a) Conditional Contract (b) Contingent Contract (c) Wagering Contract (d) Quasi Contract
There is no binding contract in case of _______ as one's offer cannot be constructed as acceptance (a) Cross Offer (b) Standing Offer (c) Counter Offer (d) Special Offer
An offer is made with an intention to have negotiation from other party. This type of offer is: (a) Invitation to offer (b) Valid offer (c) Voidable (d) None of the above
When an offer is made to the world at large, it is ____________ offer. (a) Counter (b) Special (c) General (d) None of the above
Implied contract even if not in writing or express words is perfectly _______________ if all the conditions are satisfied:- (a) Void (b) Voidable (c) Valid (d) Illegal
A specific offer can be accepted by ___________. (a) Any person (b) Any friend to offeror (c) The person to whom it is made (d) Any friend of offeree
An agreement toput a fire on a person's car is a ______: (a) Legal (b) Voidable (c) Valid (d) Illegal



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