Legal Principle : With the counter proposal made by the party, the original offer ceases to exist. Facts of the Problem : Badal offered to sell his car to Pranav at the price of Rs. 3 lakhs. Pranav replies that he is ready to buy the car at Rs. 2.5 lakhs only. Badal refuses to sell at that price. Later, Pranav goes to Badal with Rs. 3 lakhs to buy the car. Is the offer to Rs. 3 lakhs still valid?

The offer of Rs. 3 lakhs still stands for Pranav to buy the car.

The offer of Rs. 3 lakhs is not valid with a counter offer of Pranav being made.

The offer stands as it was made by owner of the car i.e. Badal himself.

The offer can be renegotiated by the buyer and seller.

Legal Principle : With the counter proposal made by the party, the ori

1.	Legal Principle : With the counter proposal made by the party, the original offer ceases to exist. Facts of the Problem : Badal offered to sell his car to Pranav at the price of Rs. 3 lakhs. Pranav replies that he is ready to buy the car at Rs. 2.5 lakhs only. Badal refuses to sell at that price. Later, Pranav goes to Badal with Rs. 3 lakhs to buy the car. Is the offer to Rs. 3 lakhs still valid?
A.	The offer of Rs. 3 lakhs is not valid with a counter offer of Pranav being made.
B.	The offer of Rs. 3 lakhs still stands for Pranav to buy the car.
C.	The offer stands as it was made by owner of the car i.e. Badal himself.
D.	The offer can be renegotiated by the buyer and seller.
Answer» B. The offer of Rs. 3 lakhs still stands for Pranav to buy the car.

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