- This topic has 3 replies, 2 voices, and was last updated 4 years ago by .
Viewing 4 posts - 1 through 4 (of 4 total)
Viewing 4 posts - 1 through 4 (of 4 total)
- You must be logged in to reply to this topic.
OpenTuition recommends the new interactive BPP books for December 2024 exams.
Get your discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Counter offer
Is counter offer is an acceptance?
The effect of a counter-offer is that it destroys the offer and replaces it with its own offer
If you offer to sell me your car for £2,000 and I say ‘No, but I’ll pay you £1,800’ my £1,800 counter-offer destroys your £2,000 offer
You turn back to me and say ‘No’
‘OK’ says I. ‘I’ll accept your offer to sell for £2,000’
But I can’t! That offer from you of £2,000 to sell your car was destroyed by my counter-offer
And you are now in the happy position of being able to accept my new offer of £2,000 or telling me to go fly a kite because there’s no way on this Earth that you will sell me your car!
OK?
yes got it,thank you for explaining in such a simple and detailed manner
You’re welcome