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Legal Principle: With the counter offer the original offer lapses.Factual Situation: A, offers to sell his house to B for ' 5 lac. B says, 'I accept your offer. Here is ' 2 lac in cash and a 3 month promissory note for the balance.'Issue: Is there any contract between A and B?Decision:

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Questions provided here are based on Civil Law. Read the Legal Principle carefully, understand the factual situation and then attempt the question by choosing the appropriate decision. 
 


Legal Principle: With the counter offer the original offer lapses.<br>Factual Situation: A, offers to sell his house to B for ' 5 lac. B says, 'I accept your offer. Here is ' 2 lac in cash and a 3 month promissory note for the balance.'<br>Issue: Is there any contract between A and B?<br>Decision:






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