INTERVIEW QUESTIONS MERCANTILE LAW NATURE OF CONTRACTS DETAILS

Question: A enquires from B, "Will you purchase my cow for $100?" B replies," I shall purchase your cow for $100 provided you purchase my parrot for $120." In this case: a) B has accepted the offer of A b) B has made a counter offer to A c) A is bound by the actions of B d) B cannot make such an offer

Answer: (b) B has made a counter offer to A
Description: Upon receipt of an offer from an offeror, if the offeree instead of accepting it straight way, impose conditions which have the effect of modifying or varying the offer, he is said to have made a counter offer. Counter offer amounts rejection of the original. In this case A enquires from B will he purchase his cow for $ 100, instead of accepting the offer B makes a counter offer stating that he shall purchase A's cow for $100 provided A purchases his parrot for $120.

(b) B has made a counter offer to A
Description: Upon receipt of an offer from an offeror, if the offeree instead of accepting it straight way, impose conditions which have the effect of modifying or varying the offer, he is said to have made a counter offer. Counter offer amounts rejection of the original. In this case A enquires from B will he purchase his cow for $ 100, instead of accepting the offer B makes a counter offer stating that he shall purchase A's cow for $100 provided A purchases his parrot for $120. Source: CoolInterview.com

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