Question

In: Economics

11. If the offer has been revoked, it has no longer valid and has no binding force upon the offerer.

T or F

11. If the offer has been revoked, it has no longer valid and has no binding force upon the offerer.

12. In Liner transportation, the freight is inclusive of loading and unloading costs.

13. According to Incoterms 2020, under FCA, if the place of delivery is at seller’s premises, the seller fulfills his delivery obligation when the goods are loaded on the means of transport provided by the buyer.

Solutions

Expert Solution

Answer 11:

True.

If the offer has been revoked prior to its acceptance, the offer becomes invalid and hence, the offerer is not liable for any penalties or reimbursements. According to Indian Contract Act, 1872, a valid contract forms only when one person makes an offer to the other and the other accepts the offer to perform some task in return of some valid consideration.

Answer 12:

True.

Under liner transportation service, freight paid to the carrier includes the loading and unloading charges along with the carriage of the goods. The carrier is responsible for such carriage of the goods.

Answer 13:

True.

According to Incoterms 2020, under free charge contract, the seller is obliged only to hand over the goods mentioned by the buyer to the specified carrier and also specify clearly the place of delivery. The seller is only responsible for providing all the possible assistance to the buyer regarding procurement of all the necessary documents.

Rahul Sunny answered 2 years ago
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