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What is the meaning of Cross Offer?
What is the meaning of Cross Offer?
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When two parties make an identical offer to each other, in ignorance to each other’s offer, they are said to make cross offers. Cross offers are not valid offers.In counter offer there is a rejection of the original offer and a new offer is made that needs acceptance by the original promisor before a contract can be made.
When two parties make an identical offer to each other, in ignorance to each other’s offer, they are said to make cross offers. Cross offers are not valid offers.In counter offer there is a rejection of the original offer and a new offer is made that needs acceptance by the original promisor before a contract can be made.
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