Ask Question
29 January, 04:07

When an offeree changes the terms of an offer, it is called a counteroffer. What happens

to the original offer when a counteroffer is presented?

+3
Answers (1)
  1. 29 January, 04:23
    0
    Original offer becomes void (nothing).

    Explanation:

    Counteroffer: The original offer would have been either rejected or modified with new one.

    This gives the original offeror three options:

    accept the counteroffer, reject it, or make another offer.

    Example:

    When a buyer makes an offer on say "home", there is a possibility of seller can making a counteroffer. In other terms, a counteroffer is one of the negotiating tactic in response to the initial offer. You can call it as business tricks. When a counteroffer is announced, "the original offer goes nothing (void) ".
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “When an offeree changes the terms of an offer, it is called a counteroffer. What happens to the original offer when a counteroffer is ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers