in a law of contract, a counter offer operates as?
- an acceptance
- a consensus
-
a rejection
- a contract
The correct answer is: C
Explanation
counter offer is an offer made in response to a previous offer by the other party during negotiations for a final contract. Making a counter offer automatically rejects the prior offer, and requires an acceptance under the terms of the counter offer or there is no contract.
A counteroffer is a proposal made as a result of an undesirable offer. A counteroffer revises the initial offer and makes it more desirable for the person making the new offer.