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Module 3-Discussion 2

Module 3-Discussion 2

Q Would phrases such as "Would you pay _____", "My best price is ___" or "The price I am asking is ___" constitute offers? What about advertisements in the newspaper? Can you go down to the store and say "I accept your offer as printed in the newspaper" What are the consequences?

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The phrases like, "Would you pay _____", "My best price is ___" or "The price I am asking is ___" does not actually constitute offer perfectly rather they normally intend to introduce, the phase of negotiation made by parties to contract in the offer. Normally, newspaper does not provide appropriate scale of information about any events to its readers and even the contents in a newspaper are not appealing which is considered as one very essential factor necessary for making perfect advertisement.