🔴 What is a cross offer?
Cross offer arise when two parties make offers to each other simultaneously or almost simultaneously, and neither offer is accepted. In this situation, there is no contract as neither party has accepted the offer made by the other.
🔴 What is a Counter offer?
A counteroffer is an offer made in response to an initial offer made by the other party. It is a rejection of the original offer and a new proposal made by the offeree. In other words, the offeree rejects the initial offer and proposes different terms, indicating a willingness to enter into a contract on those terms. This is because a counter-offer modifies the terms of the original offer and proposes new terms, thus becoming a new offer altogether.
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🔴 This video might be useful for students preparing for -
🗣️ 11th Commerce #11thcommerce
🗣️ 12th commerce boards #12thcommerce
🗣️ CSEET(CS FOUNDATION ICSI) #cseet
🗣️ CA Foundation #cafoundation
🗣️ UGC NET COMMERCE #ugcnetcommerce
🗣️ LLB #llb
🗣️ UGC NET LAW #ugcnetlaw
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🔴 In this video - #padhakulog
Teacher's Name - CS Payal Popli
Topic - Cross Offer | Counter Offer | Difference between Cross Offer and Counter Offer
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