Contracts
-Ben offered to sell Bo his used laptop for $500. Bo thought that $500 was too much and told Ben that he would only pay $300. Bo's offer of $300 is called a:

Question

Quizplus · Accepted Answer

Bo's offer of $300 is called a counteroffer. A counteroffer is an offer made by the offer ee that varies the terms of the original offer. A contract does not exist until the counteroffer is accepted.

Contracts -Ben Offered to Sell Bo His Used Laptop for $500