What is a counter offer Mcq?

A counteroffer functions as both a rejection of an offer to enter into a contract, as well as a new offer that materially changes the terms of the original offer. Because a counteroffer serves as a rejection, it completely voids the original offer. Thus, the original offer can no longer be accepted.

However, note that added modifications do not necessarily mean that a party made a counteroffer. Instead, these added modifications may create a conditional acceptance, depending on the changed terms and the applicable law. Alternatively, requests for modifications may not constitute a new offer at all but may instead be mere negotiation.

Related terms:

Contracts
Consideration
Offer and acceptance

[Last updated in August of 2022 by the Wex Definitions Team]

Offer means when a person signifies another person his wish to do or not to do something, to get consent of other person on such act, is called an offer. Offer can be of various types. It can be a General offer, a specific offer or cross offer etc. Get more clarity about this with the help of following Free MCQ on Types of Offer.

Multiple choice Questions

Promises which form the consideration or part of consideration for each other are called
1. Reciprocal promises
2. Cross offers
3. Conditional offer
4. Conditional promises
Offer as defined under section 2(a) is
1. Communication from one person to another
2. Suggestion by one person to another
3. Willingness to do or abstain from doing an act in order to obtain the assent of other thereto
4. None of the above
An offer may lapse by:
1. Revocation
2. Counter Offer
3. Rejection of offer by offeree
4. All of these
When offer is made to public at large and anyone can accept it, this offer is called
1. Open offer
2. Offer to large
3. Public Offer
4. General Offer
Under section 2(c) promisor is the
1. Person who makes the proposal
2. Person who accepts the proposal
3. Person who makes the promise
4. Person to whom the proposal is made
Under section 2(c) promisee is the
1. Person who makes the proposal
2. Person who accepts the proposal
3. Person who makes the promise
4. Person to whom the proposal is made
Ram sent a letter to Shyam making an offer to sell his Car to him. Being Unaware of this fact, Shyam also sent a letter to Ram to buy his car. Here these will construct
1. An agreement
2. An contract
3. Cross Offer
4. Counter Offer
Goods displayed in a shop with a price tag is an
1. Offer
2. Invitation to offer
3. Counter offer
4. None of the above
Tender is
1. An offer
2. An invitation to offer
3. A counter offer
4. A promise
A public offer cannot be considered accepted by any person
1. When such offer is closed
2. When such offer is not communicated to the person
3. When person doesn’t act according to offer
4. All of the above

Answer Key

1. (a) 2. (c) 3. (d) 4. (c) 5. (a) 6. (b) 7. (c) 8. (b) 9. (b) 10. (d)

Practice More:

Free MCQ on Capacity to Contract

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