Multiple choice

If the offeree offers to qualified acceptance of the offer subject to modifications and variations in the terms of original offer, he is said to have made a

  1. special offer

  2. counter offer

  3. continuing offer

  4. cross offer
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A counter offer is a response to an original offer that introduces new terms or modifies existing ones. Under contract law, a counter offer operates as a rejection of the original offer and becomes a new offer itself. This terminates the original offer.

Keep practicing — related questions