2nd October 2019

uslegal
11

What is the effect of a counter offer on the original offer?

A counter offer is an offer made in response to a previous offer by the other party during negotiations for a final contract. It is a new offer made in response to an offer received. It has the effect of rejecting the original offer, which cannot be accepted thereafter unless revived by the offeror.

What is a rejection in law?

Rejection Law and Legal Definition. Rejection is a refusal to accept a contractual offer. Rejection means a refusal to accept tendered goods as contractual performance.

How offer can be revoked?

In contract law, revocation can also refer to the termination of an offer. An offeror may revoke an offer before it has been accepted, but the revocation must be communicated to the offeree, although not necessarily by the offeror.
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