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Does an offer and an acceptance not give rise to a contract? We are renting a property which we later decided to purchase. We gave the seller an offer in writing which he accepted orally and by email adding that he would get his own lawyer to draw up an OFFER TO PURCHASE AGREEMENT. However, when the document arrived he had increased the agreed price. The question is whether SELLER may change the terms of agreement or is he bound by the law of contract?

Category:  Property, Buying and Sellings

Region: South Africa, Mpumalanaga