- 1 Marks
Question
The rejection of an original offer is called
A. Conditional offer
B. Conditional acceptance
C. Lack of consideration
D. Counter offer
E. Communication offer
Answer
D
Explanation:
The correct answer is “Counter offer.” When an original offer is rejected, and a new offer is proposed in its place, it is termed a counter offer. This effectively ends the original offer, and the new offer must be accepted for a contract to be formed
- Tags: Contract Formation, Multiple Choice, Offer and Acceptance
- Level: Level 1
- Topic: Law of Contract
- Series: NOV 2013
- Uploader: Theophilus