This is the rejection of a particular offer to buy or sell that at the same time presents a different offer that will change the terms in one way or another. Legally, the significance of a counteroffer is to make the original offer null and void.
Counter offer
This is the rejection of a particular offer to buy or sell that at the same time presents a different offer that will change the terms in one way or another. Legally, the significance of a counteroffer is to make the original offer null and void.
