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Under the Indian Contract Act, which of the following statements is incorrect?

A party inviting tenders is only inviting offers and may accept or reject any of them, so "The party inviting a tender is bound to accept the tender" is the incorrect…

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Under the Indian Contract Act, which of the following statements is incorrect?

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Correct answer D

A party inviting tenders is only inviting offers and may accept or reject any of them, so "The party inviting a tender is bound to accept the tender" is the incorrect statement. The others are correct: under section 2(h) of the Indian Contract Act, 1872 a contract is an agreement enforceable by law, so every contract is an agreement but not every agreement a contract; intention to contract is judged objectively; and under section 4 communication of acceptance is complete as against the acceptor when it comes to the proposer's knowledge.

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