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Brett offers to sell his old cell phone to James for $65. James says he will accept the offer if Brett lowers the price to $60. James has __________. Multiple Choice entered into an executory contract made an unequivocal acceptance made a counteroffer demonstrated the exculpatory rule entered into an option contract

Sagot :

James  has made a counter offer.

What Is a Counteroffer?

A counteroffer is a response given to an initial offer. A counteroffer means the original offer was rejected and replaced with another one. The counteroffer gives the original offered three options: accept the counteroffer, reject it, or make another offer.

Counteroffers are prevalent in many types of business negotiations, transactions, private and public deals between two individuals or two entities. You may find them in real state deals, employment negotiations, car sales, private placements, mergers acquisitions, takeovers, etc.

Thus, we can say that James  has made a counter offer.

Learn more about Counteroffers on:

brainly.com/question/12573084

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