Question

Mr Ali offered to sell his farm for £1,000. Mr Zohaib agreed to buy, but at £900. A few weeks later the Zohaib accepted the offer of £1,000. Now Ali refuses to sell even at £1,000. Zohaib argued that he accepted Ali’s offer of £1,000. Explain whether the contract is formed? Find Type of Law, Neration amd Deceion

Answer 1

The contract is not formed. This is because Mr Ali’s initial offer and the negotiation with Zohaib didn’t work out.

While Zohaib comes back after a few weeks, the negotiation is again a fresh one. So it is Mr Ali’s decision whether to sell the farm for 1,000 pounds. This kind of decision come under the law of decision.