English Contract Law - Counter offers and requests for payment term flexibility
A counter-offer is an effort made by the offeree to include new terms in response to an offer. An offer is terminated by a counter-offer, making it impossible for the recipient to accept it. However, the recipient of the new counteroffer has the option to accept it in order to create a legally binding agreement. t of the new counteroffer has the option to accept it in order to create a legally binding agreement. Counter-offer A counter-offer is a reaction to an offer that adds new conditions to the one that was made. The person who makes the counter-offer can no longer accept the initial offer because the counter-offer ruins it and is not an acceptance. It's critical to understand the difference between a counteroffer and a request for flexible payment terms. When the offeree asks if he can pay for the goods or services supplied over time or in installments, that is an example of a request for flexibility in payment terms. Such communications do not revoke the offer because they are not counteroffers. Demand for payment term flexibility A request for flexibility in payment terms is a response to an offer that asks if the money needed to buy the products being provided can be paid in installments or at a later date than stated in the offer, but leaves the original offer open to acceptance.
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