Question on: JAMB Commerce - 2018
In the law of contact, a counter offer operates as
A
A contact
B
an acceptance
C
a rejection
D
a rejection
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Correct Option: D
A counter offer is an offer made in response to a previous offer by the other party during negotiations for a final contract.
Making a counter offer automatically rejects the prior offer, and requires an acceptance under the terms of the counter offer or there is no contract
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