BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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a counteroffer.
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failing to act within a reasonable length of time.
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the rejection of the offeree.
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all of these.
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Detailed explanation-1: -An offer may be terminated through lapse of time, the death of the offeror or offeree, the failure of some condition or contingency, by rejection (or counter-offer), and by communication of a revocation of the offer.
Detailed explanation-2: -In conclusion, offer can be terminated by Revocation, Rejection, Lapse of time, Conditional Offer, Operation of law, Death, Acceptance and Illegality.
Detailed explanation-3: -In which of the following ways can an offer terminate? Revocation by the offeror, rejection or counteroffer by the offeree, or destruction of the subject matter.
Detailed explanation-4: -A counteroffer functions as both a rejection of an offer to enter into a contract, as well as a new offer that materially changes the terms of the original offer. Because a counteroffer serves as a rejection, it completely voids the original offer.