A offers to B to sell him a parcel of land for $5,000, stating that the offer will remain open for thirty days. B replies, "I will pay $4,800 for the parcel," and on A's declining that, B writes, within the thirty day period, "I accept your offer to sell for $5,000."
-"I will pay $4,800 for the parcel," is:

Question

​A offers to B to sell him a parcel of land for $5,000, stating that the offer will remain open for thirty days. B replies, "I will pay $4,800 for the parcel," and on A's declining that, B writes, within the thirty day period, "I accept your offer to sell for $5,000."
-"I will pay $4,800 for the parcel," is:

Quizplus · Accepted Answer

B's statement, "I will pay $4,800 for the parcel," constitutes a counteroffer because it proposes different terms than those originally offered by A. This effectively rejects A's original offer of $5,000 and proposes new terms for the agreement.

​A Offers to B to Sell Him a Parcel of Land

A Offers to B to Sell Him a Parcel of Land