What Is Cross Offer

What Is Cross Offer?
Posted 11 months ago  | 
Corporate Law,General Legal
Corporate Law General Legal

1 Answer(s)

Vishal Kumar Thakur
Advocate

Cross-offer is an offer made to another person in ignorance that the offeree has made the same offer to the offeror. In a cross offer both parties state to each other the same proposal. In ignorance of the original offer, the offer has been made by another person.

In this type of offer both the offer is voidable by the aggrieved parties.

 

Example: An offer by A to sell to B on certain terms and an offer by B to buy from A on the same terms unaware of the A's proposition at that time.