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Which of the following is NOT a true statement about offers, acceptance and consideration? Once a party has rejected the offer, s/he no longer has

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Which of the following is NOT a true statement about offers, acceptance and consideration? Once a party has rejected the offer, s/he no longer has the ability to accept the original offer. A counteroffer allows for the person receiving it to accept it, reject it or counteroffer. An option contract never requires consideration An offer can always be counteroffered

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