A counter offer operates as?

Assessment: WAEC SSCE - Commerce - 1989 (Objective) Subject: Commerce

Question 1 Report

A counter offer operates as?
Answer Details
A counter offer in a negotiation or a contract operates as a rejection of the original offer, while proposing new terms and conditions to the other party. In other words, a counter offer is a response to an initial offer that changes some or all of the terms of the original offer, creating a new offer to be accepted or rejected by the initial offeror. Therefore, the answer is (c) a rejection.
Read lesson note on Legal Aspects Of Business (JAMB)
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