In the law of contact, a counter offer operates as
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Correct Answer: Option D
Explanation:
In contract law, a counter-offer acts as a rejection of the original offer.<br/><br/>When someone responds to an offer by proposing new terms, it means they are refusing the original terms. This action "kills" the first offer.<br/><br/>For example, if A offers to sell a car to B for N500,000, and B replies, "I will buy it for N400,000," B has made a counter-offer. A cannot later say, "I accept your acceptance of my N500,000 offer," because B's counter-offer already rejected the N500,000 price. The original offer is gone, and A can only choose to accept or reject B's new N400,000 offer.
In contract law, a counter-offer acts as a rejection of the original offer.<br/><br/>When someone responds to an offer by proposing new terms, it means they are refusing the original terms. This action "kills" the first offer.<br/><br/>For example, if A offers to sell a car to B for N500,000, and B replies, "I will buy it for N400,000," B has made a counter-offer. A cannot later say, "I accept your acceptance of my N500,000 offer," because B's counter-offer already rejected the N500,000 price. The original offer is gone, and A can only choose to accept or reject B's new N400,000 offer.