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In the law of contact, a counter offer operates as

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Commerce JAMB 2018

In the law of contact, a counter offer operates as

  • A contact
  • an acceptance
  • a rejection
  • a rejection checkmark

The correct answer is: D

Explanation

A counter offer is an offer made in response to a previous offer by the other party during negotiations for a final contract. Consensus ad idem in contract law means there has been a meeting of the minds of all parties involved and everyone involved has accepted the offered contractual obligations of each party.

Consensus ad idem in contract law means there has been a meeting of the minds of all parties involved and everyone involved has accepted the offered contractual obligations of each party

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