Allan wrote a letter to Bob asking "Will you sell me your
reply indicating your lowest price. " Bob replied in a short note
"Lowest price for my
Rolls $24,000.00. " Allan immediately replied "I agree to buy your
Do you think Bob should be obliged to sell his Rolls to Allan? Would it
make a difference to you if Bob's letter had read "Lowest price
acceptable for my Rolls would be $24,000.00" or had read "I am prepared to
sell you my Rolls for $24,000.00?"
No, there are two questions here. 1) Will you sell. 2) Lowest price. A price quotation by itself is genereally not an offer.
No indication of intent to be bound.
Check Owen v Tunison and Harvey v Facey