Juha and Tesalle presented an offer to purchase at $15 000 below Rickie's asking price for her home.Rickie did not accept the offer,stating that she would accept $2000 less than asking price.The couple countered,offering $5000 below asking price,with the appliances included,and Rickie accepted.How many types of offers did this transaction require before a contract of purchase and sale existed?

Question

Juha and Tesalle presented an offer to purchase at $15 000 below Rickie's asking price for her home.Rickie did not accept the offer,stating that she would accept $2000 less than asking price.The couple countered,offering $5000 below asking price,with the appliances included,and Rickie accepted.How many types of offers did this transaction require before a contract of purchase and sale existed?

Quizplus · Accepted Answer

The transaction required two offers before a contract of purchase and sale existed. The initial offer by Juha and Tesalle was one, and the couple's counteroffer was the second. The offer and acceptance of the counteroffer created a binding contract.

Juha and Tesalle Presented an Offer to Purchase at $15 000