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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)
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Does buyer or seller provide Purchase and Sale Agreement in Real Estate transaction?
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.
In a contract what does Counter Proposal mean?
A counter proposal is a response to an initial offer in a contract negotiation, where one party suggests changes or alternative terms to the original proposal. It aims to address specific concerns or interests while seeking a mutually agreeable outcome. By presenting a counter proposal, the party indicates their willingness to negotiate rather than outright reject the initial terms. This process can continue until both parties reach a satisfactory agreement.
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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.
What is a 'counter offer' in legal terms?
a counter offer is a return offer made by one who has rejected an offer.
Does a counter offer void the original offer?
Yes, a counter offer typically voids the original offer. When a counter offer is made, it acts as a rejection of the original offer and creates a new offer with different terms.
What is a 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?"
What is meant by counter 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.
Why cross offer is not an offer?
offer
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A movement in a direction opposite to a cross to balance the stage picture.
How do you counter the I'll cross that bridge when I get there?
u dont u cant there is NO counter comment
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 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?"
