ContractsCâu 51 / 120
When a seller responds to a buyer's offer by changing the price, this response is legally a:
a.Binding acceptance of the original offer
b.Novation of an existing contract
c.Counteroffer, which rejects the original offer
d.Unilateral contract
Giải thích
A counteroffer changes the terms of the original offer and thereby rejects it, creating a new offer that the other party may accept or reject. The original offer is no longer available for acceptance once countered. Negotiations often involve a series of offers and counteroffers.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- For a real estate contract to be enforceable, the Statute of Frauds generally requires that it be:
- The essential elements of a valid contract generally include offer and acceptance, consideration, legal purpose, and:
- A contract in which only one party makes a promise, such as an option to purchase, is a:
- An 'executory' contract is one in which:
- A contingency in a purchase contract, such as a financing or inspection contingency, functions to:
- The remedy of 'specific performance' in a real estate contract dispute means:
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