Acceptance occurs when one party agrees to the terms of an offer as presented, creating a binding contract. A counteroffer, on the other hand, is a response to an initial offer that includes modified terms, effectively rejecting the original offer. In essence, acceptance solidifies the agreement, while a counteroffer initiates further negotiation.
difference between offer and acceptance?
difference between offer and acceptance?
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The words proposal and proposition can frequently be used synonymously. But the word proposition has some meanings that proposal does not have. So, they are not synonyms all the time. Sometimes the difference is connected with what kind of suggestion has been made.sometimes can mean the same thingA plan suggested for acceptance; a proposal.
What is the difference between M1 and M2?
the difference between offer and counteroffer
difference between offer and acceptance?
difference between offer and acceptance?
The outcomes of an offer typically include acceptance, rejection, or counteroffer. Acceptance leads to a binding agreement, while rejection ends the negotiation process. A counteroffer indicates a desire to modify the terms, which can lead to further negotiation. Additionally, offers may expire if not acted upon within a specified timeframe.
The acceptance, or non-acceptance, of Jesus as savior.
differecences between banker's acceptance and letter of credit
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tell me
The acceptance, or non-acceptance, of Jesus as savior.
I believe that counteroffer is a unique word with no antonyms or synonyms.
No, an acceptance cannot impose new conditions or change the terms of the original offer without rejecting it. If the acceptance includes modifications, it is considered a counteroffer rather than an acceptance, which effectively rejects the original offer. For a valid acceptance, the response must mirror the terms of the offer exactly for a contract to be formed.
He made me an offer so I made him a counteroffer.