Business Studies · Contract Formation and CISG
Luce sent an inquiry to Brice asking 'Will you sell your consignment of computers to me?'. Brice replied stating 'The price of the computers is £2,000'. How is Brice's response classified under general contract principles and the CISG?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1As a counter-offer
- 2As an acceptance
- 3As an invitation to treat (statement of price)✓
- 4As a binding offer
Correct answer
As an invitation to treat (statement of price)
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