A(n)________ by the offeree simultaneously terminates the offeror's offer and creates a new offer.

Question

Quizplus · Accepted Answer

A counteroffer is a response by the offeree that introduces new terms and conditions that are not contained within the original offer. By proposing a counteroffer, the offeree effectively terminates the original offer while simultaneously creating a new offer that the original offeror can then accept or reject.

A(n)________ by the Offeree Simultaneously Terminates the Offeror's Offer and Creates