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Mercantile Laws Test - 7
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Cross offers means
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A
exchanging identical offers by two parties in ignorance
💡 Explanation:
Cross offers occur when two parties make identical offers to each other without knowing the other's offer - they're made 'in ignorance' of each other. For a valid contract, there must be offer and acceptance. Cross offers don't constitute acceptance because neither party knows of the other's offer. There's no consensus ad idem (meeting of minds) as both acted independently without knowledge of the other's offer. No contract is formed.