BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Detailed explanation-1: -Any variation made to a contract dealing with the sale of goods is a counteroffer. A mental decision to accept an offer is not an acceptance. Contractual communications such as offers and counteroffers can only be communicated in writing.
Detailed explanation-2: -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. Thus, the original offer can no longer be accepted.
Detailed explanation-3: -The “Mirror Image Rule” is the requirement that the offeree must accept all of the offer’s original terms. The offeree may not modify or add any terms to the offer. If acceptance alters any terms or adds additional terms, no contract is formed. [38] Therefore, it is said that acceptance must “mirror” the offer.