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Commerce · Q721

Insurance

Graduate and Post Graduate · Commerce · question 721

Q721

If any condition is put by the Insurer then it is

A.
Acceptance
B.
Offer
C.
Counter offer
Answer
D.
Conditional acceptance

Answer: Option C

Solution

Answer: Option C
Solution:
If any condition is put by the Insurer then it is Counter offer. A counter offer is an offer made in response to a previous offer by the other party during negotiations for a final contract. It is a new offer made in response to an offer received.