Arrange the following in order of their manifestations:

a) Offer

b) Acceptance

c) Breach of contract

d) Contract

Choose the correct option from the following:

This question was previously asked in
UGC Paper 2: Commerce 26th June 2019
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  1. a, b, c and d
  2. a, b, d and c
  3. b, c, a and d
  4. a, d, c and b

Answer (Detailed Solution Below)

Option 2 : a, b, d and c
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Detailed Solution

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The following are listed in order of their manifestations:

1. OfferAccording to the Indian Contract Act 1872, proposal is defined in Section 2 (a) as “when one person will signify to another person his willingness to do or not do something (abstain) with a view to obtain the assent of such person to such an act or abstinence, he is said to make a proposal or an offer.”

2. AcceptanceThe Indian Contract Act 1872 defines acceptance in Section 2 (b) as “When the person to whom the proposal has been made signifies his assent thereto, the offer is said to be accepted. Thus the proposal when accepted becomes a promise.”

3. ContractThe Indian Contract Act, 1872 defines the term “Contract” under its section 2 (h) as “An agreement enforceable by law”. In other words, we can say that a contract is anything that is an agreement and enforceable by the law of the land. Agreement = Offer + Acceptance.

4. Breach Of Contractbreach is a failure by a party to fulfill the obligations under a contract.

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First, there will be an offer made by one party to the other. If the other party accepts the offer, it becomes a contract (if enforceable by law). If the other party fails to perform the obligations of the contract, it will be considered as breaching. 

Thus, option 2 is the correct answer.

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