CC Business Law Offer Acceptance & Counteroffer Worksheet

CONTRACTS
OFFER, ACCEPTANCE, COUNTEROFFER
1.
2.
What is each
person’s role?
Offeror? Offeree?
Offer?
Acceptance?
Revocation?
Rejection?
Counteroffer?
None of these?
Is there a
contract?
HERE’S THE DEAL!
Al: ​Offeror
Offer
Yes ✔
Bob: ​Offeree
Acceptance
No
Al​: I will sell you my
car for $500.
Al:
Bob:
Bob​: Ok, I accept
Yes
No
Al​: I will sell you my
car for $500.
Bob​: Well, let me
think about it.
Al:
Al​: Never mind. I
don’t want to sell it
anymore.
3.
Al:
Bob:
Yes
No
Al​: I will sell you my
car for $500.
Bob​: No thanks. I’ve
seen your car!
4.
Al:
Yes
Bob:
No
Bob:
Al:
Al​: I will sell you my
car for $500.
Bob​: No, I don’t want
it for $500.
Bob​: But I’ll give you
$400 for it.
Al​: No way, you cheap
bum!
5.
Al:
Bob:
Yes
No
Al:
Al​: I will sell you my
car for $500.
Bob​: I’ll give you $400
for it.
Al​: Ok, it’s a deal!
6.
Al:
Bob:
Al:
Bob:
Yes
No
Al​: I will sell you my
car for $500.
Bob​: I’ll give you $400
for it.
Al​: Make it $450.
Bob​. Ok, it’s a deal
7.
Al:
Bob:
Bob:
Al:
Bob:
Yes
Al​: I will sell you my
car for $500.
No
Bob​: No, I don’t want
it for $500.
Bob​: But I’ll give you
$400 for it.
Al​: No way, you cheap
bum!
Bob​: Ok, Ok, I’ll take it
for $500.