In law of contract, a counter offer operates as
COMMERCE
JAMB 2023
In law of contract, a counter offer operates as
- A. an acceptance
- B. a rejection
- C. an offer
- D. a contract
Correct Answer: B. a rejection
Explanation
Counter offer meaning is an offer made in response to a previous offer by the other party. It implies a rejection of the original offer and requires an acceptance of the new terms or there is no contract. Counter offer can be used in different situations, such as when an employee resigns or when a seller negotiates with a buyer
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