ContractsIntermediateDelaware Exam
A Delaware seller accepts a buyer's offer but changes the price before signing. This constitutes a:
ABinding acceptance
BCounterofferCorrect
CConditional acceptance
DNovation
Why Counteroffer Is Correct
Answer B: Counteroffer
A change to any material term of an offer (such as price) before acceptance constitutes a counteroffer, which rejects the original offer and creates a new offer for the other party to consider.
Exam Tip: Contracts
Contract questions frequently test the essential elements required for a valid contract. Remember: competent parties, mutual consent, lawful object, and sufficient consideration. Watch for void vs. voidable distinctions.
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