BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Does a counteroffer terminate the original offer? Yes, the first or original offer is completely void if a second or new offer is made subsequently. When an offeree makes a new offer in response to an offer, it does so on a different set of conditions.

Detailed explanation-2: -Because a counteroffer serves as a rejection, it completely voids the original offer. Thus, the original offer can no longer be accepted. However, note that added modifications do not necessarily mean that a party made a counteroffer.

Detailed explanation-3: -Saying “yes” to the counter offer officially closes the door on a company and opportunity that really interests you. Before you accept the counter offer, review the aspects about the new opportunity that attracted you. Think carefully about what would really change if you accepted the counter offer.

Detailed explanation-4: -A counteroffer is the response given to an offer, meaning the original offer was rejected and replaced with another one. Counteroffers give the original offerer three options: accept it, reject it, or make another offer and continue negotiations.

Detailed explanation-5: -A counter offer legally does not need to be sent back to the other party prior to the original “Time for Acceptance” that is given. So even if the counter offer goes back to the Buyer after the original “Time for Acceptance” has lapsed, that’s ok.