Which of the Following Statements Is True About a Counteroffer

question 17

Multiple Choice

Which of the following statements is true about a counteroffer?

• A)An offeree that makes the counteroffer is still considered the offeree.
• B)A counteroffer terminates the existing offer.
• C)A counteroffer can only be made by the offeror.
• D)A counteroffer need not be communicated to the offeror.

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Definitions:

Requisite Manner

The required or specified way something must be done, often detailed in a legal context or formal procedure.

Restatement (Second)

A series of legal treatises that summarize the common law in several areas, serving as authoritative guides but not binding law.

Registered Mail

A postal service offering added security and tracking for mailings, requiring the signature of the recipient upon delivery.

Traditional Contract Law

The body of law governing agreements between parties, requiring elements such as offer, acceptance, consideration, and mutual consent for enforceability.