Methods of Rejection
Methods for rejecting offer (4 methods)
What is: (1) express rejection; (2) counteroffer; (3) conditional acceptance; (4) acceptance with additional terms
Express Rejection
What is: effective when received
Acceptance with Additional Terms & Common Law
What is: acceptance must mirror the offer (creating both rejection and counteroffer)
Rejection by (------) terminates the offer and her power of acceptance
What is: Offeree
Counteroffer
What is: immediately (terminates original offer & becomes new offer)
Acceptance with Additional Terms & UCC (K involving non-merchants)
What is: terms of offer govern (K formed with additional terms being excluded and considered mere proposals to modify K)
A Conditional Acceptance terminates original offer and becomes a new offer (true or false)
What is: True
Conditional Acceptance
What is: agreement to enter K on the occurrence or nonoccurrence of a particular action/event
Acceptance with Additional Terms & UCC (both parties are merchants)
What is: additional terms become part of K (unless certain exceptions apply)
True or False: An express rejection is effective when received
What is: True