In law of contract, a counter offer operates as

JAMB Commerce 2023 48 views

In law of contract, a counter offer operates as

  1. a contract
  2. an acceptance
  3. a rejection ✓
  4. an offer

Explanation

This answer correctly describes the business or trade concept. Commerce deals with buying, selling, and business operations.

The other options relate to different aspects of business or trade. They aren’t the best answer here.

Understanding this helps you grasp how businesses operate and how trade happens.

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