1.

A) Mr. Chopra, a supplier, sent a draft agreement relating to the supply of goods to Mr. Panchal, the manager of AB Ltd. for his acceptance on 20th August, 2019. Mr. Panchalwrote the word "Approved" on the same and put the draft agreement in the drawer of thetable intending to send it to the company's solicitors for a formal contract to be drawn up.By an oversight the draft agreement remained in drawer. State with reason whether it was anacceptance by Mr. Panchal or not?(4 marks)​

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