- counteroffer
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coun·ter·of·fer /'kau̇n-tər-ˌȯ-fər/ n: an offer that is made in response to another and that has additional or differing terms◇ Under common law, a counteroffer does not constitute an acceptance of an offer and is often considered a rejection of the offer.counteroffer vi
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
- counteroffer
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noun
casus foederis, contractual terms, counterbid, counterclause, counterconditions, counterexception, counterlimitation, countermeasure, counterplan, counterpresentation, counterproposal, counterproposition, counterprovision, counterqualification, counterrecommendation, counterrequest, counterreservation, counterstipulation, countersuggestion, hard bargaining, negotiation, new offer, part of the bargain, responsive offer, set of terms, terms proposed
Burton's Legal Thesaurus. William C. Burton. 2006
- counteroffer
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The rejection of an offer to enter into a contract that simultaneously makes a different offer, changing the terms of the original offer in some way. For example, if a buyer offers $5000 for a used car, and the seller replies that he wants $5500, the seller has rejected the buyer's offer of $5000 and has made a counteroffer to sell at $5500. The legal significance of a counteroffer is that it completely voids the original offer.Category: Real Estate & Rental Property → Buying a House
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
- counteroffer
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n. An offeree's counterproposal to a contract offer. Such a proposal constitutes a rejection of the original offer as well as an offer for the original offeree to consider.
Webster's New World Law Dictionary. Susan Ellis Wild. 2000.
- counteroffer
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In contract law, a proposal made in response to an original offer modifying its terms, but which has the legal effect of rejecting it.
Dictionary from West's Encyclopedia of American Law. 2005.
- counteroffer
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In contract law, a proposal made in response to an original offer modifying its terms, but which has the legal effect of rejecting it.
Short Dictionary of (mostly American) Legal Terms and Abbreviations.