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It was observed by the Court that the “goods on a display are an invitation, not an offer” and thus, the Court held that display of goods along with price tags merely amounts to invitation to treat and therefore, if an intending buyer is willing to purchase the goods at a price mentioned on the tag, he makes an offer to buy the goods. Thus, the shopkeeper has the right to accept or reject the same. The contract would arise only when the offer is accepted. Powell v. Lee- an acceptance is treated as valid; it is necessary that the same must be communicated to the offeror either by the offeree or by some duly authorized person on his behalf. Harvey v. Facey - Mere reply of a query is not an acceptance. Felthouse v. Bindley- acceptance should be communicated and such communication should be made to the offeror.
Price risk is the risk of a decline in the value of a security or a portfolio. How can one transfer price risk?
Which of the following is not a major sector that the Gujarat International Finance Tec-City (GIFT City) is expected to serve?
How capital adequacy ratio is calculated:
Which organization was set up to manage the Investor Education and Protection Fund?
Which of the following forms a part of Risk Management?
What is the role of the Insurance Ombudsman in India?
Which of the following is a specific provision under Section 9 of the MSMED Act, 2006, aimed at promoting MSME growth?
What is the maximum permissible implementation cost for advanced level, under the scheme that aims to enhance MSMEs’ productivity, efficiency, and com...
The LTV allowed on loans against gold jewellery or gold loans is _____
Which loan does not require the borrower to pay back during their lifetime?