A Counteroffer

question 26

Multiple Choice

A counteroffer:

• A)is the retraction of an offer before it is accepted.
• B)is not really an offer,but functions as the revocation of an offer.
• C)is a new offer based on the rejection of a previous offer.
• D)functions as both an offer and an acceptance.
• E)refers to offer,acceptance,and consideration.

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Definitions:

Guile

The use of clever but usually deceptive methods to achieve one's aims or to manipulate the situation to one's advantage.

Unfair Advantage

An unethical or unjust edge or benefit in a competitive situation that is often gained through exploitation of confidential information or other unethical practices.

Crafty

Exhibiting cleverness or ingenuity, especially in deceiving others.

Fairness

A principle concerning equitable and impartial treatment or behavior without favoritism or discrimination.