INTERVIEW QUESTIONS MERCANTILE LAW NATURE OF CONTRACTS DETAILS

Question: In an auction sale, 'X' is the highest bider. The auctioneer accepts the offer by not speaking but striking the hammer on the table. This amounts to: a) Express acceptance b) Implied acceptance c) Future acceptance d) No acceptance

Answer: (b) Implied acceptance
Description: An implied acceptance is one which is made otherwise than in words. In other words, it is inferred from the conduct of the person or the
circumstances of the particular case. Hence, in this case in an auction sale, 'X' is the highest bidder. The auctioneer accepts the offer by not speaking but striking the hammer on the table. This amounts to imputed acceptance.

(b) Implied acceptance
Description: An implied acceptance is one which is made otherwise than in words. In other words, it is inferred from the conduct of the person or the
circumstances of the particular case. Hence, in this case in an auction sale, 'X' is the highest bidder. The auctioneer accepts the offer by not speaking but striking the hammer on the table. This amounts to imputed acceptance.
Source: CoolInterview.com

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