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JAMB Commerce 1994 Question 36

Question 36

Law of Contract

Mr. Amusa says to Mr. Bello 'I will sell you this hat for ₦30'. And Mr. Bello replied 'I will pay ₦29'. The contract is

  1. A.an offer and acceptance
  2. B.an implied contract
  3. C.a complete simple contract
  4. D.an offer but no acceptance.
Show the answer and explanation

Answer: D (an offer but no acceptance.)

Explanation

Bello's reply changes the price, so it is a counter-offer that rejects the original offer; there is no acceptance yet.