ContractsOffer And AcceptanceMEDIUM
A counteroffer in West Virginia effectively:
Correct Answer
B) Rejects the original offer and creates a new offer
A counteroffer is a simultaneous rejection of the original offer and a new offer. The original offer is terminated and cannot be accepted later. The party making the counteroffer becomes the new offeror.
Answer Options
A
Modifies the original offerB
Rejects the original offer and creates a new offerC
Extends the deadline of the original offerD
Binds both parties to the changed termsWhy This Is the Correct Answer
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Why the Other Options Are Wrong
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Background Knowledge for Contracts
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Related Topics & Key Terms
Related Topics:
offer-lifecycleacceptancenegotiation
Key Terms:
counterofferrejectionnew offeroriginal dead
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