question_answer

Direction: Question numbers 1-35 consists of legal proposition(s)/ principle(s) (hereinafter referred to s 'principle') and facts. Such principles may or may not be true in the real and legal sense, yet you have to conclusively assume them to be true for the purposes of this section. In other words, in wiring these questions, you must not rely on any principle except the principles those are given herein below for every question. Further, you must not assume any facts other than those stated in the question. The objective of this section is to test your interest towards study of law, research aptitude and problem solving ability, even if the 'most reasonable conclusion' arrived at may be absurd or unacceptable for any other reason. It is not the objective of this section to test your knowledge of law. Therefore, to were a question, principle is to be applied to the given facts and to choose the most appropriate option.

Principle: An offer made by one party when accepted by another makes it a contract.

Transactions:

1. P offered to sell his house for Rs 20 lakhs to R; R told P that he was interested to buy a house for 15 lakhs only.

2. C was looking for a house for not more than 25 lakhs; P informed C that his house was available for 20 lakhs.

3. K wanted to buy some old furniture; L told K that he would sell his furniture for Rs 10, 000.

4. R advertised to sell his old car for a price of Rs. Three lakhs; S found the advertisement and offered to buy it for Rs 2 lakhs 50 thousand; R agrees to sell it to S. Which among the above is actually a contract?

A) Situations 1 and 2 are contracts

B) Situation 4 only is a contract

C) Situation 3 only is a contract

D) Situations 2 and 4 are contracts