A buyer makes and signs a written offer. The seller writes in one small change to the offer and signs it. This document is known as: Group of answer choices A. an addendum B. an amendment C. a modification D. a counteroffer

Question

Evangeline Preston

Business

19 March, 21:25

A buyer makes and signs a written offer. The seller writes in one small change to the offer and signs it. This document is known as: Group of answer choices A. an addendum B. an amendment C. a modification D. a counteroffer

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Answers (1)

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Coal · Answer 1

The correct answer is letter "D": a counteroffer.

Explanation:

A counteroffer is any offer made after an initial offering. It is valid only if both parties in a commercial transaction accept it. Counteroffers imply the initial offering was rejected by one of the parties involved in the transaction, thus, the terms must be reviewed until the parties reach an agreement. Otherwise, the contract would not proceed.