Question

Mark offers to sell Kesha his mountain bike for 1000. Kesha explains that she does not have that much money until payday, but asks if he will take 5500 instead. Mark says noKesha then reluctantly agrees to pay 51000. Is there a contract? Yes, because Kesha has accepted a valid offer. No, because the offer was improperly communicated . Yes, because Mark accepted the counteroffer . No, because Kesha's counteroffer terminated Mark's offer.

Answer 1

In the given case, Initial offer was made by Mark that he wants to sell his mountain bike to Kesha for 1000, for which Kesha says that she woukd be able to purchase on the payday which amounts to Counter offer. Counter offer terminates the original offer.

Later when Mark says no, such counter offer also got rejected. Kesha makes an offer that she is ready to buy to buy the bike for 51000. Now, this amounts to a new offer and Mark may accept or reject this offer.

Contract gets created only if Offer uis accepted, As In the given case no Offer got accepted, No Contract has been created.

Answer:  No, because Kesha's counteroffer terminated Mark's offer.