Question
X and Y are standing on the opposite banks of a small river. X shouts offering his scooter to Y for Rs.5000. Y hears the
X and Y are standing on the opposite banks of a small river. X shouts offering his scooter to Y for Rs.5000. Y hears the offer and shouts back that he accepts it. Unfortunately at that precise moment, a low flying aircraft passes by and Y's acceptance is not heard by X because of the noise. Is it a binding contract between X and Y?
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The detailed answer for the above question is provided below Ans No it is not a bindin...
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Ethics in Accounting A Decision Making Approach
Authors: Gordon Klein
1st edition
1118928334, 978-1118928332
