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Consider the following event and circumstance and establish if a genuine contract is established: Mr, Khalid (Offeror): 'I will sell you my car for Rs.

Consider the following event and circumstance and establish if a genuine contract is established:

Mr, Khalid (Offeror):'I will sell you my car for Rs. 800,000.'

Reply by Mr Rizwan (Offeree):'I will give you Rs. 720,000'

Answer by Mr, Khalid (Offeror):'No deal'

Counter Response:'Ok, I will give you Rs. 750,000.'

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