A Counter Proposal Destroys the Offeree’s Power to Accept the Initial Offer
When a Buyer or Seller counters an offer from the other side, it can’t count on having a second bite at the apple. The counterproposal destroys the ability to accept the original offer, even if the acceptance deadline in the original offer has not expired. Watch how this legal notion plays out with real world examples. Related Article: Contract FAQ: Formation & Title.
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