Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Legal Aspects of Business Indian Contract Act, 1872
Given below are two statements:
Statement I: Display of goods by a shopkeeper with prices marked on them, is not an offer but an invitation to the public to make an offer to buy the goods.
Statement II: Price quotations, catalogues and advertisements in newspaper for sale of an article do constitute a valid offer.
In the light of the above statements, choose the most appropriate answer from the options given below:
1
Both Statement I and Statement II are correct
2
Both Statement I and Statement II are incorrect
3
Statement I is correct but Statement II is incorrect
4
Statement I is incorrect but Statement II is correct