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A offers B to supply books @ Rs. 100 each but B accepts the same with condition of 10% discount. This is a case of
- a)Counter offer
- b)Cross offer
- c)Specific offer
- d)General offer
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
A offers B to supply books @ Rs. 100 each but B accepts the same with ...
Explanation:
The given scenario involves two parties, A and B, negotiating the terms of a book supply agreement. A initially offers to supply books at a price of Rs. 100 each, but B accepts the offer with a condition of a 10% discount. This situation can be classified as a counter offer. Here's why:
- Counter offer: A counter offer occurs when the offeree (in this case, B) responds to an initial offer with modified terms. The modified terms essentially reject the original offer and propose a new offer. In this scenario, B's acceptance of the offer with a 10% discount is a counter offer because it introduces a new condition.
Other options explained:
- Cross offer: A cross offer occurs when two parties make identical offers to each other simultaneously. This is not the case in the given scenario since only one party (A) initially makes an offer.
- Specific offer: A specific offer refers to an offer that is made to a particular individual or group. In the given scenario, A's offer is specific to B, but B's acceptance with a discount is a counter offer.
- General offer: A general offer is an offer that is made to the public or a large group of people. This is not applicable in the given scenario as A's offer is specifically directed towards B.
Therefore, the correct answer is Counter offer (option A).
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The given scenario involves two parties, A and B, negotiating the terms of a book supply agreement. A initially offers to supply books at a price of Rs. 100 each, but B accepts the offer with a condition of a 10% discount. This situation can be classified as a counter offer. Here's why:
- Counter offer: A counter offer occurs when the offeree (in this case, B) responds to an initial offer with modified terms. The modified terms essentially reject the original offer and propose a new offer. In this scenario, B's acceptance of the offer with a 10% discount is a counter offer because it introduces a new condition.
Other options explained:
- Cross offer: A cross offer occurs when two parties make identical offers to each other simultaneously. This is not the case in the given scenario since only one party (A) initially makes an offer.
- Specific offer: A specific offer refers to an offer that is made to a particular individual or group. In the given scenario, A's offer is specific to B, but B's acceptance with a discount is a counter offer.
- General offer: A general offer is an offer that is made to the public or a large group of people. This is not applicable in the given scenario as A's offer is specifically directed towards B.
Therefore, the correct answer is Counter offer (option A).
Most Upvoted Answer
A offers B to supply books @ Rs. 100 each but B accepts the same with ...
This is a counter offer since the acceptance given by B is a partial acceptance and the partial acceptance ie. conditional acceptance amounts to cancellation of original contract by a new contract/ condition.
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A offers B to supply books @ Rs. 100 each but B accepts the same with ...
Counter offer:
A counter offer is a response to an offer made by one party by making a different proposal. It is a rejection of the original offer and the introduction of a new offer with modified terms.
Cross offer:
A cross offer occurs when two parties make identical offers to each other without knowledge of the other's offer. In this case, both offers are considered as counter offers and do not form a valid contract.
Specific offer:
A specific offer is an offer made to a specific person or group of persons. It is a proposal that is clearly directed towards a particular individual or entity.
General offer:
A general offer is an offer made to the public or a group of people at large. It is not directed towards any specific individual or entity but is open to anyone who meets the specified conditions.
In the given scenario, A offers B to supply books at Rs. 100 each. However, B accepts the offer with a condition of a 10% discount. This is considered as a counter offer because B has introduced a new proposal with modified terms. B's acceptance of the offer is conditional upon the discount, which changes the original terms of the offer.
As a result, the original offer made by A is rejected and a new offer is made by B. In this case, the counter offer made by B is the acceptance of the original offer with a modification of the price.
Therefore, the correct answer is option 'A' - Counter offer.
A counter offer is a response to an offer made by one party by making a different proposal. It is a rejection of the original offer and the introduction of a new offer with modified terms.
Cross offer:
A cross offer occurs when two parties make identical offers to each other without knowledge of the other's offer. In this case, both offers are considered as counter offers and do not form a valid contract.
Specific offer:
A specific offer is an offer made to a specific person or group of persons. It is a proposal that is clearly directed towards a particular individual or entity.
General offer:
A general offer is an offer made to the public or a group of people at large. It is not directed towards any specific individual or entity but is open to anyone who meets the specified conditions.
In the given scenario, A offers B to supply books at Rs. 100 each. However, B accepts the offer with a condition of a 10% discount. This is considered as a counter offer because B has introduced a new proposal with modified terms. B's acceptance of the offer is conditional upon the discount, which changes the original terms of the offer.
As a result, the original offer made by A is rejected and a new offer is made by B. In this case, the counter offer made by B is the acceptance of the original offer with a modification of the price.
Therefore, the correct answer is option 'A' - Counter offer.
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A offers B to supply books @ Rs. 100 each but B accepts the same with condition of 10% discount. This is a case ofa)Counter offerb)Cross offerc)Specific offerd)General offerCorrect answer is option 'A'. Can you explain this answer?
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