Business Law MCQ on Offer and Acceptance: Check the below Business Law MCQ on Offer and Acceptance with Answers Pdf free download. Business Law MCQ on Offer and Acceptance Questions for Business Law with Answers were prepared based on the latest exam pattern. We have provided Business Law MCQ on Offer and Acceptance with Answers to help students understand the concept very well.

Business Law MCQ on Offer and Acceptance

1. Communication of offer is complete when _________.
(a) It comes to the knowledge of the offeree
(b) It is posted to the offeree
(c) When the offeror writes the letter but does not post it
(d) None of the above

2. When counter offer is given, the original offer _________.
(a) Lapses
(b) Remains valid
(c) Is accepted and becomes a contract
(d) The original offer can also be accepted

3. When the proposal or acceptance is made otherwise than words, the promise is said to be _________.
(a) Expressed
(b) Implied
(c) Accepted
(d) Rejected

4. A tender is _________.
(a) an offer
(b) invitation to an offer
(c) acceptance of offer
(d) none of the above

5. When the offers made by two persons to each other containing similar terms of bargain cross each other in post, they are known as _________.
(a) Cross offers
(b) Implied offers
(c) Direct offers
(d) Expressed offers

6. Partial acceptance of offer result in ______.
(a) counter offer
(b) unqualified acceptance
(c) binding contract
(d) none of the above

7. A bid at an auction sale is _________.
(a) An implied offer to buy
(b) An express offer to buy
(c) An Invitation to offer to buy
(d) An invitation to come to bid

8. Death or insanity of the proposer will revoke the proposal _______.
(a) Automatically
(b) If the fact of the death or insanity is known to the offeree
(c) The knowledge of death or insanity is irrelevant
(d) Only if the family members of the proposer informs the offeree

9. Communication of offer is complete when _________.
(a) The letter is posted to the offeree
(b) The letter is received by the offeree
(c) The offer is accepted by the person to whom it is made
(d) It comes to the knowledge of the offeror that the letter has been received by the offeree

10. For an acceptance to be valid, it must be _________.
(a) Partial & qualified
(b) Absolute & unqualified
(c) Partial & unqualified
(d) Absolute & qualified

11. If the offeree does not accept the offer according to the mode prescribed, then _________.
(a) The offeror may accept or reject such acceptance
(b) The offer lapses automatically
(c) It is a counter offer
(d) Offeree commits a breach of contract

12. Acceptance takes place as against the proposer, when _________.
(a) When the letter of acceptance is posted by the acceptor
(b) When the letter of acceptance is received by the proposer
(c) When the offeree, writes the letter of acceptance, but doesn’t post it
(d) All the above

13. A quotation is:
(a) Not offer
(b) Offer
(c) Acceptance of the offer
(d) Invitation to offer

14. An advertisement for sale goods by auction _________.
(a) Amounts to an invitation to offer
(b) Amounts to an offer to hold such sale
(c) Amounts to an implied offer
(d) Amount to a general offer

15. A tender and a bid at an auction sale are _________.
(a) Not offers
(b) Offers
(c) Acceptance of the offer
(d) Invitation to offer

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By Team Learning Mantras