Which of the following statement is incorrect
Verified Answer
A. Every contract is an agreement but every agreement is not a contract
B. The test of contractual intention should be objective and not subjective
C. Acceptance is complete when it is communicated to the offeror
D. The party inviting tender is 18 years old to accept the tender
Explanation:
The statement 'The party inviting tender is 18 years old to accept the tender' is incorrect. The party inviting a tender makes an invitation to offer, and the party submitting the tender makes an offer. The party accepting the tender (the inviter) must be competent to contract, which includes being of legal age (18 years). However, the phrasing 'is 18 years old to accept the tender' is awkward and potentially misleading, as the age requirement applies to the capacity to enter into a contract, not merely to 'accept' in the context of receiving offers. The other statements are fundamental principles of contract law.