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Counter offer and Request from information

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Counter offer and Request from information

  • This topic has 3 replies, 2 voices, and was last updated 10 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • September 19, 2015 at 11:16 am #272477
    Wemimo
    Member
    • Topics: 6
    • Replies: 21
    • ☆

    Hello Sir mike,

    Kindly help with the question below

    “I’m very interested by your offer, and I would like to accept it, but would you be prepared to give 5% discount for immediate payment?”

    The started response to an offer can be seen as

    A- counter offer
    B- mere request for information
    C- possibly an acceptance.

    I understand according to your lecture on contract law that a counter offer occur when an offeree change any element of original term, could requesting for 5% discount be seen as changing original term or mere request. I will be grateful if you can throw light on this.

    Thanks.

    September 19, 2015 at 1:58 pm #272491
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23363
    • ☆☆☆☆☆

    A request for information is neither an offer nor a counter-offer, nor is it acceptance. In fact, it has no legal standing. It’s just a request for information

    In the question you’ve given as your example, there is neither an acceptance nor a counter-offer.

    My answer therefore would be B

    September 21, 2015 at 3:12 pm #272649
    Wemimo
    Member
    • Topics: 6
    • Replies: 21
    • ☆

    Thank you for your reply, much appreciated.

    September 21, 2015 at 3:24 pm #272652
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23363
    • ☆☆☆☆☆

    You’re welcome

  • Author
    Posts
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