Counter Offers Flashcards
1
Q
What is a counter offer
A
Someone wishing to accept an offer but adding new terms
2
Q
What happens when a counter offer is made
A
Old offer CANCELLED
can choose to reject or accept new offer
3
Q
What is wanting clarification on an offer made
A
NOT a counter offer
Allowed to ask for further details
4
Q
What is the case for Counter Offers
A
Stevenson vs Maclean
5
Q
What happened in St vs Mac
A
Stevenson asked M if they’d accept payment instalments for some iron he’d advertised
M didn’t reply / sold to someone else
S telegrammed following day accepting OG offer without instalments
6
Q
Court ruling in Stevenson vs Maclean?
A
Stood with Stevenson
Her inquiry was wanting clarification
Not a counter offer
So OG offer could still be accepted
ST compensates
