JAMB - Commerce (2019 - No. 50)
A counter offer is an offer that is
different from the original offer
breached
different in terms of acceptance
extended to several people at once
Explication
A counter offer is an offer that is different from the original offer e.g Mr A said to Mr B, I will sell you the hat for ₦100 but Mr B replied, I will buy it for ₦80 is an example of a counter offer.