JAMB - Commerce (2018 - No. 7)
In the law of contact, a counter offer operates as
A contact
an acceptance
a rejection
a consensus
Uitleg
A counter offer is an offer made in response to a previous offer by the other party during negotiations for a final contract. Consensus ad idem in contract law means there has been a meeting of the minds of all parties involved and everyone involved has accepted the offered contractual obligations of each party.
Consensus ad idem in contract law means there has been a meeting of the minds of all parties involved and everyone involved has accepted the offered contractual obligations of each party