Which of the Following Statements Is True of a Counteroffer

question 19

Multiple Choice

Which of the following statements is true of 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:

Demonstration

A public gathering of people to display support for or opposition against policies, actions, or causes, usually in a peaceful manner.

Tort Of Deceit

A legal wrong that involves intentionally making false representations to another, causing harm.

Rescission

Rescission is the legal act of canceling or terminating a contract, returning all parties involved to their positions before the contract was entered into.

Misrepresentation

A false statement or lie that induces someone to enter into a contract.