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Counter offer

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Counter offer

  • This topic has 3 replies, 2 voices, and was last updated 8 years ago by AvatarMikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • November 26, 2017 at 4:54 pm #418107
    Avatarhumai
    Participant
    • Topics: 757
    • Replies: 248
    • ☆☆☆☆☆

    A owns a shop selling prints. She placed an advertisement in the Friday edition of her local paper stating

    Unique opportunity to own a bell print for $500 cash. Offer valid for one day only tomorrow Saturday.

    On Saturday D asked A if she would take a cheque for $500, but she refused to accept the cheque and told her she could not have the print.

    Sir in the above scenario, cheque for $500 is a counter offer or Not?

    November 26, 2017 at 11:11 pm #418235
    AvatarMikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23368
    • ☆☆☆☆☆

    Yes, it’s a counter-offer because the term $500 CASH is obviously a critical term so the off of a cheque payment is a counter-offer

    OK?

    November 27, 2017 at 4:28 pm #418458
    Avatarhumai
    Participant
    • Topics: 757
    • Replies: 248
    • ☆☆☆☆☆

    Sir but as we know that request for information / further detail is not considered as counter offer, so here in this case D just asked for $500 cheque, won’t it be considered just a request for information/ further detail?

    November 28, 2017 at 1:29 am #418504
    AvatarMikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23368
    • ☆☆☆☆☆

    But your further information about “… But she refused to accept the cheque and told her she could not have the print” takes the scene beyond a mere request for information

    One can only assume that the cheque was element was part of a counter-offer

    OK?

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Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘Counter offer’ is closed to new replies.

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