A counteroffer by the offeree simultaneously terminates the offeror's offer and creates a new offer.

Name: A counteroffer by the offeree simultaneously terminates the offeror's offer and creates a new offer.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A counteroffer is seen as a rejection of the original offer and the creation of a new offer. This means that the offeror's original offer is no longer valid and the offeree's counteroffer is a new offer that the offeror can choose to accept or reject.

A Counteroffer by the Offeree Simultaneously Terminates the Offeror's Offer