Practice question
A seller offers a specified item for PHP20,000. The buyer replies, “I accept only if the price is PHP15,000.” No further assent occurs. Did this reply perfect the original offer?
- Yes, every use of “accept” is absolute
- Yes, a buyer may unilaterally change the price
- Yes, if the reply is polite
- No, the price qualification is a counter-offer
- Yes, because all negotiations are contracts
Legal references
- Civil Code, Article 1319: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/53360
Answer this question in flashcards to review your response and continue practicing.