Asked by Lupita Sanchez on May 03, 2024
Verified
When a counteroffer is made, what happens to the original offer?
A) It remains in effect in all circumstances.
B) It remains in effect only if the original offer specified a designated acceptance time.
C) It remains in effect unless the counteroffer is materially different.
D) It terminates.
E) It terminates, but only if the counteroffer specifically states that the original offer is unacceptable.
Original Offer
The initial proposal or bid made in a negotiation or business agreement.
- Acquire knowledge on the different processes for terminating an offer.
Verified Answer
SD
Saksham DhawanMay 07, 2024
Final Answer :
D
Explanation :
When a counteroffer is made, it effectively terminates the original offer. This means that the original offer is no longer valid and cannot be accepted, as the counteroffer represents a new proposal that must be accepted for a contract to be formed.
Learning Objectives
- Acquire knowledge on the different processes for terminating an offer.