What Is the Legal Effect of a Counter-Offer

question 25

Essay

What is the legal effect of a counter-offer?

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Definitions:

Recurring Charge

A recurring charge is a periodic fee charged automatically to an account for ongoing services or subscriptions.

Automatic Payment

A pre-arranged system of paying recurring bills or obligations electronically without the need for manual intervention each time.

Federal Reserve Bank

The central banking system of the United States, responsible for setting monetary policy.

Funds Availability

Funds availability is a banking term that refers to the length of time before a deposited check or electronic payment clears and becomes available for withdrawal or use.