Mr. Divesh sent a proposal on December 31, 2011 to Madhav offering him to sell his car for Rs. 1,50,000. Meanwhile, Mr. Madhav, ignorant of such offer, also sent a proposal to Mr. Divesh on December 31, 2011 to buy his car for Rs. 1,50,000. It is _____.

Keep practicing — related questions

• A agrees to sell his car worth Rs. 100,000 to B for Rs. 20,000 only, and A s consent was obtained by coerci...
• Anil offers by letter to Sunil to sell his house for Rs. 10,00,000 and Sunil, who is not aware about the of...
• A man sells his car for Rs. 3 lakh and loses some amount. Had he sold it for Rs. 5.60 lakh, his gain would ...
• A machinery is purchased on August 1, 2011 for Rs. 1,20,000. It was put into use with effect from October 1...
• A, B and C were partners sharing profits in the ratio 5 : 4 : 1. 'A' retired and new ratio was decided as 3...
• A shop sells 1 chocolate @ Re.1 each. You can exchange 3 wrappers for 1 chocolate. If you have Rs. 75, how ...
• The book value of investment is Rs. 1, 20,000 and investment fluctuation fund is appearing at Rs. 15,000. T...
• Mr Ram bought a DVD set for Rs. 14,000. He sold it to Sham for Rs. 18,000. Sham sold it to Raj for Rs. 24,0...