A new offer of contract that terminates the original offer is

Assessment: WAEC SSCE - Commerce - 2019 (Objective) Subject: Commerce

Question 1 Report

A new offer of contract that terminates the original offer is

Answer Details
A counter offer is a new offer made in response to an original offer, which terminates the original offer. It essentially rejects the terms of the original offer and proposes new terms. Once a counter offer is made, the original offer is no longer valid and cannot be accepted unless the counter offer is rejected. Therefore, a counter offer terminates the original offer.

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