Under the Indian Contract Act, 1872, when a counter-offer is presented by the offeree, the original offer:

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Law · Indian Contract Act, 1872

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Lapses or expires, and cannot be accepted subsequently unless renewed

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Answer 1

Must be officially withdrawn by the proposer to prevent acceptance

Answer 2

Is automatically acknowledged and transforms into a binding contract

Answer 3

Remains valid and can still be accepted by the offeree

Answer 4

Lapses or expires, and cannot be accepted subsequently unless renewed

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