ContractsOffer_and_acceptanceEASY
A seller rejecting an offer, changing terms, and resubmitting creates:
Correct Answer
A) Counteroffer
A counteroffer is a rejection of the original offer combined with a new offer on different terms. The original offer is terminated and the buyer can accept or reject the counteroffer.
Answer Options
A
CounterofferB
AltercationC
OfferD
Alternative offerVideo Explanation2 min
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Related Topics & Key Terms
Related Topics:
offer-and-acceptance-principlescontract-formation-in-real-estate
Key Terms:
counteroffermirror image ruleoffer and acceptancecontract formationrejection of offer
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