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.

Question

Quizplus · Accepted Answer

A counteroffer occurs when the offeree rejects the initial offer and presents a new offer with different terms. Therefore, a counteroffer is a new offer based on the rejection of a previous offer.

A Counteroffer