Under both UCC and common law,a counteroffer:
A)must be accepted by the original offeror.
B)is effective upon mailing or dispatch.
C)is also a rejection.
D)none of the above

Question

Quizplus · Accepted Answer

Under both UCC and common law, a counteroffer is also a rejection of the original offer. This means that the original offer is no longer valid and the parties must either negotiate a new offer, or the counteroffer must be accepted to create a valid contract. Choice A is incorrect because a counteroffer does not need to be accepted by the original offeror. Choice B is incorrect because, under common law, acceptance is only effective upon receipt, not mailing or dispatch.

Under Both UCC and Common Law,a Counteroffer