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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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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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