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Peter, who is the owner of a Wagon R, publishes an advertisement on Ikman.lk for...

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Finance

Peter, who is the owner of a Wagon R, publishes an advertisement on Ikman.lk for the sale of his vehicle quoting a price of LKR 3,500,000/=. John calls Peter and says that he agrees to buy the Wagon R for the quoted price by way of a Crossed Cheque. Peter replies John and says that he has no intention of selling the Wagon R even though he published an advertisement on Ikman.lk Discuss the application of law of contracts relating to offer and acceptance as well as law relating to cheques.

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