that the offer must be communicated, committed and have definite terms. The offerer must communicate the offer to the offeree, the offerer must be bound to the offer and the offer must be specific in terms. After an offer is made, the offeree can either reject, counteroffer or accept. If the offeree rejects the offer, he simply says, “No,” and the offer is not accepted. This simply means that the offeree does not accept the terms of the offer, at which point the offer is terminated. The offeree…
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