When a "counteroffer" is made, the "original offer" is no longer valid. This means the roles of the person making the offer (the "offeror") and the person receiving the offer (the "offeree") are reversed.
These are questions that the above text answers:
1. What happens to the original offer when a counteroffer is made?
2. How are the roles of the offeror and offeree affected when a counteroffer is made?
3. What is a counteroffer in contract negotiation?
4. What is the implication of a counteroffer in contract negotiation?
5. What is the definition of an offeror in contract negotiation?
6. What is the definition of an offeree in contract negotiation?
7. How does a counteroffer impact the validity of the original offer?
9. Can a counteroffer be made in contract negotiation?
10. What is the significance of a counteroffer in contract negotiation?