The effect of a counteroffer is that it operates as an
acceptance of the offer.
True
False
Answer: False : The effect of counter offer is that it does not operates as an acceptance of initial offer.
The counter offer is an offer, which is offered when the initial offer is not accepted. Thus the initial offer may be having the terms and conditions which are not accepted or needs changes in the offer based on the mutual agreement or discussed criteria/inputs.
Thus counter offer is the offer which has required solution for all the non-accepting issues/concerns. The counter offer generally accepted by the offer receiver, as it contained the resolved points or it is as per the final agreement between the two parties
So we can say the effect of counter offer is that the offer is accepted by the receiver and it is as per agreement between the two parties.
If the initial offer is accepted by the receiver, then there is no need of counter offer. Counter offer comes in action only when initial offer is rejected or having concerns/issues from any of the party (receiver or offerer).
The effect of a counteroffer is that it operates as an acceptance of the offer. True...
Question 1 Which of the following statements is true? O a. The mirror image rule requires an acceptance to match the offer. b. When an "acceptance" does not match the offer, it is not an acceptance at all, but a counteroffer. c. A counteroffer rejects the old offer and creates a new one. d. All of the above. e. None of the above
Which section, in a CAR Counteroffer, states that a binding agreement is created when a copy of a signed acceptance is personally received by the maker of the counteroffer or the person's authorized agent? Offer Acceptance Expiration Terms
1 The elements for a valid contract do NOT include: a. assent. O b. capacity. c. consideration. d. a fair price2 Consideration is not required in: a. agreements to modify employment contracts. b. employment contracts. c. agreements to modify contracts for the sale of goods. d. contracts for the sale of goods.3 A discharge by operation of law occurs in all of the following situations except: a. accord and satisfaction. b. material changes by a party. c. bankruptcy d. statute of limitations. 4 A...
a. What does the UCC provide as to offer and acceptance? b. What is the law regarding the formation of a contract without settling on a price? c. What is the statute of limitations regarding contracts for the sale of goods?
Jacoby Company received an offer from an exporter for 27.500 units of product at $19 per unit. The acceptance of the offer will not affect normal production or domestic sales prices. The following data are available: $25 Domestic unit sales price Unit manufacturing costs: Variable Fixed What is the differential revenue from the acceptance of the offer? a $687,500 b. $1,210,000 $522.500 d. $165,000
) 1. Explain the meaning of the following a. Offer b. Acceptance c. Consideration d. Privity of contract its a business law question
es that indir Which section, in a CAR Counterotter, st agreement is created when a copy of a signed acceptance is personally received by the maker of the counteroffer or the person's authorized agent? Offer Acceptance Expiration Terms
1) Identify the three essentials of an offer and explain briefly the requirements associated with each. 2)State the 7 ways an offer may be terminated other than by acceptance. 3)Compare the traditional and modern theories of definiteness of acceptance of an offer, as shown by the common law "mirror image” rule and by the rule of the UCC.4)Describe the five situations limiting an offeror's right to revoke her offer. 5) Explain the various rules that determine when an acceptance takes...
In Chapter 12, we focus on learning about the first element, which is "The Agreement." An agreement must have an offer and acceptance. Assuming the other 5 elements of a contract are satisfied, a binding contract is formed as soon as an offer is accepted. Counteroffers are a common occurrence in attempting to get to an agreement. Any change to an offer, even with words of acceptance, is a counteroffer. A counteroffer, or any change to the terms of the...
Natural selection operates at the population level while evolution operates on individuals. True False « Previous Next D F G H J K L