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 – a rejection

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