Given below are two statements regarding the Indian Contract Act: Statement I: Display of goods by a shopkeeper with prices marked on them is not an offer, but an invitation to the public to make an offer to buy the goods. Statement II: Price quotations, catalogues, and advertisements in newspapers for the sale of an article do constitute a valid offer. In the light of the above statements, choose the most appropriate answer:

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Law · Indian Contract Act

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

Statement I is correct but Statement II is incorrect

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Answer 1

Statement I is incorrect but Statement II is correct

Answer 2

Statement I is correct but Statement II is incorrect

Answer 3

Both Statement I and Statement II are incorrect

Answer 4

Both Statement I and Statement II are correct

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