If an offeree gives a rejection to the offeror, which of the following is true at that point?
a. The offeree is still able to accept the original offer since it remains open.
b. The offeree has made a counteroffer which the offeror can now accept.
c. The offeror is now prohibited from making a substitute offer.
d. The offeree's rejection of the offer has terminated the offer; therefore, the offeree can no longer accept the offer and bind the offeror in contract.
Answer: d. The offeree's rejection of the offer has terminated the offer; therefore, the offeree can no longer accept the offer and bind the offeror in contract.
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