Define counteroffer and describe the effects of counteroffer

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1. Define agreement, offer, and acceptance.

2. Describe the required terms of an offer and describe the terms that can be implied in an offer.

3. Describe special forms of offers, including Internet auctions.

4. Define counteroffer and describe the effects of a counteroffer.

5. Describe how offers are terminated by acts of the parties and by operation of law.

Reference no: EM13774610

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