Brett offers to sell his old but functioning cell phone to James for $65.James says he will accept the offer if Brett lowers the price to $60.James has
A) made an unequivocal acceptance.
B) made a counteroffer.
C) demonstrated the exculpatory rule.
D) entered into an option contract.
E) entered into an executory contract.

Question

Quizplus · Accepted Answer

In this case, James has made a counteroffer. If the acceptance changes the terms of the offer or adds new terms, it is not really an acceptance but a counteroffer. A counteroffer has the effect of rejecting the original offer and sending back a new offer for a different contract.

Brett Offers to Sell His Old but Functioning Cell Phone