ContractsOffer_and_acceptanceEASY
Victor Diaz receives an offer at $580,000 but signs back the same form after changing the closing date and the purchase price. What has Victor Diaz made?
Correct Answer
B) Counteroffer
Counteroffer is correct because the facts match a response to an offer that changes the terms and thereby rejects the original offer. That is the best description of the relationship, right, or legal concept tested here.
Answer Options
A
RejectionB
CounterofferC
Revocation of offerD
Mailbox ruleWhy This Is the Correct Answer
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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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Related Topics & Key Terms
Key Terms:
offer_and_acceptancecontractscounterofferoffer_acceptance
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