In the law of contact, a counter offer operates as
-
A.
A contact -
B.
an acceptance -
C.
a rejection -
D.
a rejection
Correct Answer: Option D
Explanation
A counter offer is an offer made in response to a previous offer by the other party during negotiations for a final contract. Consensus ad idem in contract law means there has been a meeting of the minds of all parties involved and everyone involved has accepted the offered contractual obligations of each party.
Consensus ad idem in contract law means there has been a meeting of the minds of all parties involved and everyone involved has accepted the offered contractual obligations of each party