An offer which is open for acceptance over a period of time is: (a) Cross Offer (b) Counter Offer - (c) Standing Offer Description: Standing, open or continuing offer is an offer allowed to remain open for acceptance over a period of time. Tender for supply of goods is a kind of standing offer. - 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: 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

Answer: (c) Standing Offer
Description: Standing, open or continuing offer is an offer allowed to remain open for acceptance over a period of time. Tender for supply of goods is a kind of standing offer.

Category	Nature of contracts Interview Questions & Answers - Exam Mode / Learning Mode
Rating	(0.3) By 6792 users
Added on	11/29/2016
Views	69015
Rate it!

Question: 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

Answer:

(c) Standing Offer
Description: Standing, open or continuing offer is an offer allowed to remain open for acceptance over a period of time. Tender for supply of goods is a kind of standing offer. 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
	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	View Answer
	Which of the following statement is correct? (a) The Indian Contract Act, 1872, is a private law (b) The rights and duties of parties to a contract are not limited. (c) The provisions of the Indian Contract Act, 1872, are a complete code (d) Law takes cognizane of all rights and duties decided by the parties to the contract	View Answer
	_________ amounts to rejection of the original offer. (a) Cross offer (b) Special offer (c) Standing offer (d) Counter offer	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

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