{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/64d489cb8384d300118a5574/65d339e38cc32000152e1f50?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"2. MCQ Time ","description":"<p>Your client is a laundry company. It wants to enter into a contract with a new detergent supplier. The client gets in touch with the supplier and sends them a contract offer – to buy 3 loads of detergent for £250 on their standard terms. The detergent company replies with another offer – 4 loads for £600 on their standard terms. Your client then goes back with a new offer - £260 for 5 on their standard terms. The detergent company replies by saying they would accept £360 for 3 on the laundry company’s standard terms. They then ring the client and say that they accept the client’s offer of £260 for 5 on the laundry company’s standard terms. The client doesn’t want to enter into the contract anymore.</p><p><br></p><p>Is the client bound by their acceptance?</p><p><br></p><p>A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yes, as it was accepted by the detergent company.</p><p>B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yes, as the detergent company rang to accept, which overrides previous offers.</p><p>C.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No. The detergent company made a counteroffer that terminated the client’s offer.</p><p>D.&nbsp;&nbsp;&nbsp;&nbsp;Yes. The detergent company was only requesting further information.</p><p>E.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yes. The detergent company’s £360 for 3 statement was a statement of price, not an offer.&nbsp;</p>","author_name":"Devil's Advocate "}