Practice question
A seller offers at PHP100,000. The buyer responds only “I accept if the price is PHP80,000.” No assent to the changed price follows. Which is best?
- The original offer is necessarily accepted unchanged.
- The seller automatically agrees to every buyer preference.
- A contract forms for PHP180,000 automatically.
- The qualified response is a counteroffer, not acceptance of the original price.
- Only handwriting color matters.
Legal references
- Civil Code Articles748,1306,1319-1326,1356-1368,1372,1376 and1382-1389: https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
Answer this question in flashcards to review your response and continue practicing.