Legal Principle: 1. Once a person accepts another's offer and signifies such acceptance to the former, a contract comes into existence between them. 2. Uncertain agreements are void agreements. 3. Rejected offers can be accepted only if renewed.Factual Situation: Bakshi wanted to purchase a particular land. He sent a letter to his cousin, Dutt, offering him ` 4 lakhs for it. Dutt replied that he would not sell it below 5 lakhs. Bakshi communicated his willingness to pay this amount. Dutt did not sell the land to Bakshi. Bakshi sued him for breach of contract. (AILET 2014)Decision:

Each question consists of legal principle(s) (hereinafter referred to as 'principle') and facts. Such proposition may or may not be true in the real and legal sense, yet you have to conclusively assume them to be true for the purposes of this section. You have to apply the principles to the given facts to arrive at the most reasonable conclusion. Only one of the alternatives, i.e., (A), (B), (C), or (D) is the most reasonable conclusion. Remember: you must not rely on any principle except the principles that are given for every question.