counter offer to an offer lapses the offer.
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Answer:
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Explanation:
An offer lapses:
By revocation:
An offer is revoked when it is retracted back by the offeror. An offer may be revoked, at any time before acceptance, by the communication of notice of revocation by the offeror to the other party [Sec. 6(1)].
By rejection:
An offer lapses if it has been rejected by the offeree. The rejection may be express i.e., by words spoken or written, or implied. Implied rejection is one: (a) where either the offeree makes a counter offer, or (b) where the offeree gives a conditional acceptance.
By counter offer:
Sometimes a counter offer is made by the offeree. In such case the original offer automatically comes to an end as the counter offer amounts to rejection of the original offer.
Answer:
read below
Explanation:
An offer lapses:
By revocation:
An offer is revoked when it is retracted back by the offeror. An offer may be revoked, at any time before acceptance, by the communication of notice of revocation by the offeror to the other party [Sec. 6(1)].
By rejection:
An offer lapses if it has been rejected by the offeree. The rejection may be express i.e., by words spoken or written, or implied. Implied rejection is one: (a) where either the offeree makes a counter offer, or (b) where the offeree gives a conditional acceptance.
By counter offer:
Sometimes a counter offer is made by the offeree. In such case the original offer automatically comes to an end as the counter offer amounts to rejection of the original offer.
Explanation: