ContractsOffer_and_acceptanceEASY
In Missouri, a counteroffer:
Correct Answer
B) Rejects the original offer and creates a new offer
A counteroffer rejects and terminates the original offer, creating a new offer. The original offeror has no obligation under the original terms.
Answer Options
A
Amends the original offerB
Rejects the original offer and creates a new offerC
Binds both partiesD
Extends the deadlineWhy This Is the Correct Answer
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Why the Other Options Are Wrong
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Deep Analysis of This Contracts Question
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Background Knowledge for Contracts
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Real World Application in Contracts
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Common Mistakes to Avoid on Contracts Questions
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Related Topics & Key Terms
Related Topics:
mirror image ruleoffer and acceptancecontract amendmentsrevocation of offersmutual assent
Key Terms:
counterofferoffer terminationnew offermirror image rulemutual assentnegotiation
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