Match List-I with List-II and select the correct answer: List-I (Term) List-II (Explanation) a. Contract 1. Accepted proposal b. Offer 2. Agreement enforceable by law c. Promise 3. Proposal

a-2, b-3, c-1
a-1, b-3, c-2
a-1, b-2, c-3
a-3, b-2, c-1

The correct answer is: A. a-2, b-3, c-1

An offer is a proposal to enter into a contract. A promise is a declaration of an intention to do or not do something. A contract is an agreement enforceable by law.

In order for an offer to be valid, it must be:

  • Definite: The terms of the offer must be clear and unambiguous.
  • Communicated: The offer must be communicated to the offeree.
  • Unconditional: The offer must not be subject to any conditions.
  • Irrevocable: The offer must not be able to be withdrawn before it is accepted.

If an offer is accepted, a contract is formed. The acceptance must be:

  • Communicated to the offeror.
  • Unconditional.
  • In accordance with the terms of the offer.

If a contract is formed, it is legally binding and the parties are required to fulfill their obligations under the contract.

Here is a brief explanation of each option:

  • Option A: a-2, b-3, c-1. This is the correct answer. An offer is a proposal to enter into a contract. A promise is a declaration of an intention to do or not do something. A contract is an agreement enforceable by law.
  • Option B: a-1, b-3, c-2. This is incorrect. A contract is an agreement enforceable by law, not a proposal.
  • Option C: a-1, b-2, c-3. This is incorrect. A promise is a declaration of an intention to do or not do something, not an agreement.
  • Option D: a-3, b-2, c-1. This is incorrect. A promise is a declaration of an intention to do or not do something, not a contract.
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