A offers to sell his house to B for Rs. 50 Lakhs. However, B offers to buy the same for Rs. 45 Lakhs. A refuses to sell his house to B for Rs. 45 Lakhs. After one week, B comes back to A and informs him that he is willing to buy his house for Rs. 50 Lakhs. However, A refuses to sell his house to B now for Rs. 50 Lakhs. According to B, A needs to sell his house to him as he has accepted A’s initial offer. Is B’s understanding correct? Provide detailed reasoning for the answer.
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