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First of all, A wrote a letter to B offering to sell his horse. He wrote "For a quick sale, I would accept £5000". The first question is whether there is an offer made by A. The statement clearly expressed A's willingness
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First of all, A wrote a letter to B offering to sell his horse. He wrote "For a quick sale, I would accept £5000". The first question is whether there is an offer made by A. The statement clearly expressed A's willingness to enter into a contract with B. He intended his statement to be a promise to sell his horse for £5000. Therefore, it is very likely that the statement is an offer instead of an invitation to treat because A had the intention to make an offer. This offer will become binding on A as soon as it has been accepted by B. However, instead of accepting the offer, B replied A by asking "would you accept £4000 now and the rest over 2 months"? The first question is whether B's reply was a counter-offer or a request for further information. If it was a counter-offer then, as...
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