Arrange the following events in sequence in which they occur during formation of a contract:
i. Offer is communicated.
ii. Counter-offer is made
iii. Offer is rejected.
iv. Counter-offer is accepted
1
(i), (iv), (iii), (ii)
2
(iv), (iii), (ii), (i)
3
(i), (iii), (ii), (iv)
4
(i), (ii), (iii), (iv)