| Question: What does it mean to counter an offer? |
Answer: Example: David (buyer) makes an offer for $9.00 on a set of coins, offer set to expire in 7 days; Mary (seller) receives the offer and gives David a counter offer of $9.50, offer set to expire in 3 days. The original offer is dead, despite the longer expiration time. David then can choose to accept at $9.50, counter again at some compromise price, decline the counter offer, or let it expire. |
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