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“A” offers to sell his car to “B” for Rs. 50,000/-. “B” agrees to buy the car offering Rs.45, 000/-. The reply of “B” amounts to:
- a)offer
- b)counter offer
- c)invitation to offer
- d)standing offer
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
“A” offers to sell his car to “B” for Rs. 50,0...
The correct answer is B asi t is a counter offer because B has offered a different price to A for A to agree
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“A” offers to sell his car to “B” for Rs. 50,0...
Counter Offer:
When a person makes an offer to another person, he expects an acceptance in exchange for the offer. However, if the offeree responds to the offer with a new proposal or a change in the original proposal, it is known as a counter offer. In this case, B agrees to buy the car but offers a lower price of Rs. 45,000 instead of the original price of Rs. 50,000. This response of B amounts to a counter offer.
Explanation:
The offer and acceptance are two essential elements of a contract. An offer is a proposal made by one person to another, indicating his willingness to enter into a contract under certain terms and conditions. On the other hand, acceptance is the agreement of the offeree to the terms and conditions proposed by the offeror.
In the given scenario, A has made an offer to sell his car to B for Rs. 50,000/-. However, B responds to the offer by offering a lower price of Rs. 45,000/-. This response of B is not a mere inquiry or a request for further negotiation but a counter offer. B is proposing a new price, which is different from the original offer made by A.
Therefore, B's response amounts to a counter offer, which indicates that B is not willing to accept the original proposal made by A. It is now up to A to either accept or reject the counter offer made by B. If A accepts the counter offer, it will become a new proposal, and a new contract will be formed based on the revised terms and conditions. However, if A rejects the counter offer, the original offer made by A will stand null and void.
When a person makes an offer to another person, he expects an acceptance in exchange for the offer. However, if the offeree responds to the offer with a new proposal or a change in the original proposal, it is known as a counter offer. In this case, B agrees to buy the car but offers a lower price of Rs. 45,000 instead of the original price of Rs. 50,000. This response of B amounts to a counter offer.
Explanation:
The offer and acceptance are two essential elements of a contract. An offer is a proposal made by one person to another, indicating his willingness to enter into a contract under certain terms and conditions. On the other hand, acceptance is the agreement of the offeree to the terms and conditions proposed by the offeror.
In the given scenario, A has made an offer to sell his car to B for Rs. 50,000/-. However, B responds to the offer by offering a lower price of Rs. 45,000/-. This response of B is not a mere inquiry or a request for further negotiation but a counter offer. B is proposing a new price, which is different from the original offer made by A.
Therefore, B's response amounts to a counter offer, which indicates that B is not willing to accept the original proposal made by A. It is now up to A to either accept or reject the counter offer made by B. If A accepts the counter offer, it will become a new proposal, and a new contract will be formed based on the revised terms and conditions. However, if A rejects the counter offer, the original offer made by A will stand null and void.
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“A” offers to sell his car to “B” for Rs. 50,000/-. “B” agrees to buy the car offering Rs.45, 000/-. The reply of “B” amounts to:a)offerb)counter offerc)invitation to offerd)standing offerCorrect answer is option 'B'. Can you explain this answer? for CLAT 2025 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about “A” offers to sell his car to “B” for Rs. 50,000/-. “B” agrees to buy the car offering Rs.45, 000/-. The reply of “B” amounts to:a)offerb)counter offerc)invitation to offerd)standing offerCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CLAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for “A” offers to sell his car to “B” for Rs. 50,000/-. “B” agrees to buy the car offering Rs.45, 000/-. The reply of “B” amounts to:a)offerb)counter offerc)invitation to offerd)standing offerCorrect answer is option 'B'. Can you explain this answer?.
“A” offers to sell his car to “B” for Rs. 50,000/-. “B” agrees to buy the car offering Rs.45, 000/-. The reply of “B” amounts to:a)offerb)counter offerc)invitation to offerd)standing offerCorrect answer is option 'B'. Can you explain this answer? for CLAT 2025 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about “A” offers to sell his car to “B” for Rs. 50,000/-. “B” agrees to buy the car offering Rs.45, 000/-. The reply of “B” amounts to:a)offerb)counter offerc)invitation to offerd)standing offerCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CLAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for “A” offers to sell his car to “B” for Rs. 50,000/-. “B” agrees to buy the car offering Rs.45, 000/-. The reply of “B” amounts to:a)offerb)counter offerc)invitation to offerd)standing offerCorrect answer is option 'B'. Can you explain this answer?.
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