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Cross offer - When the offers made by two persons to each other containing similar terms of bargain cross each other in post they are known as cross offers. For example, on 1st January A offers to sell his radio set to B for Rs. 500/- through a letter sent by post. On the same date B also writes to A making an offer to purchase A's radio set for Rs. 500 /- When A or B send their letters they do not know about the offer which is being made by the other side. In these cross offers, even though both the parties intend the same bargain, there arises no contract. A contract could arise only if either A or B , after having the knowledge of the offer, had accepted the same.
Counter Offer - A counter offer amounts to rejection of the original offer.
Legal effect of counter offer:-
(i) Rejection of original offer
(ii) The original offer is lapsed
(iii) A counter offer result is a new offer.
For example -
A offered to sell his pen to B for Rs.1,000. B replied, " I am ready to pay Rs.950." On A's refusal to sell at this price, B agreed to pay Rs.1,000. Held, there was not contract as the acceptance to buy it for Rs.950 was a counter offer, i.e. rejection of the offer of A. Subsequent acceptance to pay Rs.1,000 is a fresh offer from B to which A was not bound to give his acceptance.
Answered by Kirankumar.G(CMA)
Wiki User
∙ 11y ago
Bscholarly TV
Counter offers and cross-offers, it is obvious that they are not the same. In a counter-offer, the statement of the offeree has the effect of rejecting the offer and proposing a new offer to the previous offer. However, cross-offers are similar offers made by the offeror and offeree in ignorance of each other.
Source: bscholarly - Edeh Samuel Chukwuemeka
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What is the difference between a cross offer and counter offer?
the difference between offer and counteroffer
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In a normal real estate transaction, the buyer or his agent would present the Offer to Purchase to the seller for him to either accept of alter, creating a counter offer. If the offer is acceptable, the seller then signs it, which is referred to as Acceptance.
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What is the difference between a cross offer and counter offer?
the difference between offer and counteroffer
What is the effect of a counter offer on the original offer?
the original offer is revoked by counter offer
What are the effects of a counter offer?
The effects of a counter offer can be a sale. A counter offer is a response to another offer. Usually the other offer was reasonable but was rejected. A counter offer was given in hopes of it being accepted and a sale being made.
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a counter offer is a return offer made by one who has rejected an offer.
What is meant by counter offer with reference to decided cases?
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What is a cross offer?
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Why cross offer is not an offer?
offer
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What is meant by offer with reference to decided cases?
A counter offer is where one party rejects the original offer and makes an offer of his own. The original offer is rejected and the party that made the original offer must accept the counter offer or there cannot be a contract.
What is a new offer where the terms of an original offer are changed?
You may be thinking of a counter offer.
What is cross offer?
A cross offer is one where both parties state to each other the same proposal.e.g. If A tells B - "Will you buy my red car for Rs. 5,00,000?"But B, unaware of the A's proposition at that time, also goes ahead and says - "Will you sell me your red car for Rs. 5,00,000?"In this way, anyone can accept the offer.This is not to be confused with a counter-offer.Example of counter offer - A tells B "Will you buy my red car for Rs. 5,00,000?"But B says simultaneously - "Will you sell me your red car for Rs. 4,50,000?"
