ContractsOffer_and_acceptanceEASY
A counteroffer in Alabama:
Correct Answer
B) Rejects the original offer and creates a new offer
A counteroffer rejects and terminates the original offer, creating a new offer that the other party may accept, reject, or counter.
Answer Options
A
Extends the original offerB
Rejects the original offer and creates a new offerC
Binds both partiesD
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Related Topics & Key Terms
Related Topics:
mirror image ruleoffer and acceptanceStatute of Fraudscontract formationmutual assent
Key Terms:
counteroffermirror image ruleoffer terminationnew offercontract negotiation
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