1.

Assertion (A ) : Acceptance can be exercised against a co-respondent. Reason (R ) : It is binding on the grantor. It can also be used in favor of the acceptor. Select the correct answer from the codes given below :

A. (A) and (R) both are correct and (R) is the correct explanation of (A)
B. (A) and (R) both are correct but (R) is not the correct explanation of (A)
C. (A) is correct but (R) is wrong
D. (A) is wrong, but (R) is correct
Answer» E.


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