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BUSINESS LAW 1-CONTRACTS 6.         To accept an offer, an offeree’s acceptance can differ from the terms...

BUSINESS LAW 1-CONTRACTS

6.         To accept an offer, an offeree’s acceptance can differ from the terms offered as long as the offeror still gets most of what he or she asked for.

            a. True

            b. False

7.         The only responses to an offer that have a legal effect are rejection, acceptance, and counter offers.

            a. True

            b. False

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Answer #1

6. False

Once the offeree has accepted the offer, he/she has to abide by the terms and conditions of the offer. Before accepting the offer, offeree can negotiate the terms with the offeror. And once the negotiation is done, offeree should make sure that the offer is updated with the negotiated and agreed upon terms

7. True

An offer can either be rejected, accpeted and counter offers can be made. Counter offers are as good as negotiating the terms and conditions of the offer

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