counter-offer
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 271 U.S. 136 - Iselin v. United States · 1926Most cited · 93 citing opinions
A proposal to accept, or an acceptance upon terms varying from those offered, is a rejection of the offer, and puts an end to the negotiation, unless the party who made the original offer renews it, or assents to the modification suggested.