counterofferˈkaʊn tərˌɔ fər, -ˌɒf ər
counteroffer (n)
- plural
- counteroffers
English Definitions:
counteroffer (noun)
an offer made by someone who has rejected a prior offer
counteroffer (Noun)
An offer made in reply to an unacceptable offer
counteroffer (Verb)
To offer as a counteroffer.
counteroffer
Offer and acceptance are generally recognised as essential requirements for the formation of a contract, and analysis of their operation is a traditional approach in contract law. The offer and acceptance formula, developed in the 19th century, identifies a moment of formation when the parties are of one mind. This classical approach to contract formation has been modified by developments in the law of estoppel, misleading conduct, misrepresentation, unjust enrichment, and power of acceptance.
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"counteroffer." Kamus.net. STANDS4 LLC, 2024. Web. 29 Mar. 2024. <https://www.kamus.net/english/counteroffer>.
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