A said to B, I'll give you 100 for that bracelet. B replied, 135. A said, No thanks. B then said that B accepted the 100, but A was no longer interested and said there was no contract. B insists there is a contract. Result?
A) A's offer of 100 was open and accepted by B, thereby forming a contract.
B) B's counteroffer of 135 terminated A's offer of 100.
C) B's statement, 135 was a negotiating statement that did not terminate A's original offer of 100.
D) A's offer of 100 was irrevocable.
Question 2
A counteroffer is a(n):
A) acceptance of the original offer.
B) rejection of the original offer.
C) acceptance of the original offer and an invitation to further negotiate.
D) a revocation of the original offer.
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