Examlex
Refer to the figure above. This is the output from
Counteroffer
A counteroffer is an offer made in response to another, rejecting the initial offer and proposing new terms for an agreement.
Acceptance
In contract law, it's the expression of agreement to the terms of an offer, which then creates a legally binding contract.
UCC
The UCC serves as an extensive legal base for regulating commercial transactions of all kinds across the United States.
Mirror Image
In contract law, this principle states that an acceptance of an offer must not change the terms of the original offer for a valid contract to be formed.
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