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What is a cross offer?

Updated: 12/16/2022
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Wiki User

13y ago

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A cross offer is one where both parties state to each other the same proposal.

e.g. If A tells B - "Will you buy my red car for Rs. 5,00,000?"

But B, unaware of the A's proposition at that time, also goes ahead and says - "Will you sell me your red car for Rs. 5,00,000?"

In this way, anyone can accept the offer.

This is not to be confused with a counter-offer.

Example of counter offer - A tells B "Will you buy my red car for Rs. 5,00,000?"

But B says simultaneously - "Will you sell me your red car for Rs. 4,50,000?"

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13y ago
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Azi editz

Lvl 2
3y ago

If two parties ignorant of each other's offer made the same offer to each other, they are called cross offers. Cross offers are not equal to acceptance.

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