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Free MCQs on revocation of offer and acceptance – CA Foundation Business Law

An offer and acceptance are an integral part of a promise or agreement. We know about the provisions regarding the offer, acceptance, and their communication. Now we will learn about how and when an offer or acceptance can be revoked? So let’s understand the revocation of offer and acceptance. (Free MCQs on revocation of offer and acceptance)

Multiple Choice Questions

  1. Revocation of offer by letter or telegram can be complete
    1. When it is dispatched
    2. When it is received by the offeree
    3. When it reaches the offeree
    4. Both (a) and (c)
  2. An acceptance can be revoked
    1. At any time before the communication of acceptance is complete as against the promisee
    2. After its acceptance comes to the knowledge of the promisee
    3. Both (a) and (b)
    4. Neither (a) nor (b)
  3. A proposal stands revoked
    1. By communication of notice of revocation by the propose
    2. By failure to acceptor to fulfil a condition precedent
    3. By death or insanity of proposer to the knowledge of acceptor
    4. All of the above
  4. An acceptance containing additions, limitations or other modifications shall amount to
    1. Rejection of the offer 
    2. A counter offer 
    3. A valid acceptance 
    4. Both (a) & (b)
  5. B revokes his acceptance to A by telegram. B’s revocation is complete as against A 
    1. When B dispatches the telegram 
    2. When it reaches him when B confirms it 
    3. When B confirms it 
    4. When A notifies it to B 
  6. The time before which an offer or acceptance can be revoked, is given under which section
    1. Section 4
    2. Section 5
    3. Section 8
    4. None of the above
  7. Communication of revocation against the offeror will be complete when
    1. Such revocation transmitted by the offeror
    2. When offeree receive such revocation
    3. When offeree comes to knowledge of the revocation
    4. None of the above
  8. A sent a revocation to B on 15th Septmeber 2020. But received by B on 18 September 2020. But the revocation was read by B on 20th September 2020. When the revocation will be considered to be completed
    1. On 15th Septmeber 2020
    2. On 18th Septmeber 2020
    3. on 20th Septmeber 2020
    4. None of the above
  9. In terms of Section 5 of the Act, an acceptance may be revoked at any time before the …………………….is complete as against the acceptor.
    1. Communication of offer
    2. Communication of acceptance
    3. Both a & B
    4. None of the above
  10. An offer can be revoked by
    1. A notice
    2. Death
    3. Counter offer
    4. Both a & b
    5. All of the above

Answer Key

  1. (a)   2. (a)   3. (d)  4. (d)  5. (d)  6.  (b)  7.  (c)  8. (c)  9.  (b)  10. (d)

Free MCQs on revocation of offer and acceptance – CA Foundation Business Law

Practice More:

Free MCQs on Acceptance – CA Foundation Business Law

CA Foundation Paper-2 Business Law- The Indian Contract Act 1872-Unit-1 Nature of Contract

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