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  • Raj offered to sell his bike to Raj kapoor at the price of Rs. 4 lakhs. Rajkapoor replies that he is ready to buy

Raj offered to sell his bike to Raj kapoor at the price of Rs. 4 lakhs. Rajkapoor replies that he is ready to buy the bike at Rs. 2.5 lakhs only. Raj refuses to sell at that price. Later, Rajkapoor goes to Raj with Rs. 4 lakhs to buy the bike. Is the offer to Rs. 4 lakhs still valid?

Option: 1

The offer of Rs. 4 lakhs is not valid with a counter offer of Pranav being made.


Option: 2

The offer of Rs. 4 lakhs still stands for Pranav to buy the bike


Option: 3

The offer of Rs. 4 lakhs is not valid as it is the choice of the owner to sell the bike or not


Option: 4

The offer can be renegotiated by the buyer and seller.


Answers (1)

best_answer

as the counter offer is made the earlier offer is terminated and now new offer price could be set up by the seller hence option A sets the best for the problem.

Posted by

chirag

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