In the context of the Indian Contract Act, 1872, the act of submission of a tender is:
Submitting a tender ordinarily makes an offer in response to an invitation for bids. The notice invites potential contractors to propose terms; acceptance of a bid, under…
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In the context of the Indian Contract Act, 1872, the act of submission of a tender is:
Answer and explanation
Correct answer A
Submitting a tender ordinarily makes an offer in response to an invitation for bids. The notice invites potential contractors to propose terms; acceptance of a bid, under the applicable tender conditions, is still needed to form the contract. Submission alone is therefore not acceptance of the notice or completion of the contract.
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