Belinda sends an email to Equador offering to sell her entire entertainment set to him for $2,500. Equador responds that the price seems a bit high and offers to buy the entertainment set for $2,000. Equador's response is considered a(n) ________?
A) illegal response
B) acceptance
C) revocation
D) counteroffer
E) bilateral offer
Correct Answer:
Verified
Q37: When, generally speaking, is a revocation effective?
A)
Q38: Why is an invitation to negotiate not
Q39: Mary is selling her house for $100,000
Q40: Which of the following is true of
Q41: Katrina and Kellen have discussed the sale
Q43: When a counteroffer is made, what happens
Q44: If no means of communicating an acceptance
Q45: Gordon asks Nina to paint his room
Q46: Which of the following is true regarding
Q47: Camila, wanting to sell a used business
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents