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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.