ContractsCâu 49 / 100
When a buyer makes a counteroffer, the original offer is:
a.Still open for acceptance
b.Automatically accepted
c.Terminated and rejected
d.Converted into an option
Giải thích
A counteroffer rejects and terminates the original offer and creates a new offer that the other party may accept or reject. The original offeror can no longer accept the terminated offer unless it is renewed. This is why negotiations proceed through successive counteroffers.
Luyện miễn phí toàn bộ 100 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Under the Statute of Frauds, a contract for the sale of real estate generally must be:
- The essential elements of a valid contract include all of the following EXCEPT:
- A contract that has been fully performed by both parties is described as:
- A contract entered into by a minor is generally:
- Earnest money in a purchase contract primarily serves to:
- A contingency in a real estate contract is:
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