QUESTION 1 In the following scenario you need to ascertain whether a contract was formed between the parties.

Offer,   Acceptance,  Invitation to treat,  Rejection of offer,  Counter-offer,

Request for information, Supply of information

Ivan receives a catalogue in his letter box from Klein Electronics store advertising mobile telephones and other electronic equipment. The catalogue shows product prices.

He visits the store and selects a Prima Z1 laptop from the shelf and approaches the counter. It has a marked price of $600.

He tells the shop assistant he will definitely buy it provided he receives a 10% discount on the marked price.