Contract Act - Concluded contract - Draft Agreement - - If instead of acceptance of a proposal, a counter proposal is made, no concluded contract comes into existence

📚 Contract Act - Concluded contract - Draft Agreement - - If instead of acceptance of a proposal, a counter proposal is made, no concluded contract comes into existence  - There was no acceptance of the proposal giving rise to a concluded contract - in order to convert a proposal into a contract, the acceptance must be absolute and unqualified - existence of a concluded contract is a must in a claim for compensation for loss/damages under S. 73 of the Act arising out of a breach of contract . (2017-4) THE PUNJAB LAW REPORTER (SUPREME COURT)
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