Which of the Following Is Correct Regarding a "Counteroffer

Which of the following is correct regarding a "counteroffer?"

A) It is no different from any other offer.
B) It is not really an offer,but operates as the revocation of an offer.
C) It operates as both an offer and an acceptance.
D) It is treated as both a rejection of an offer and a new offer.
E) It is treated as a new offer,but does not terminate the original offer.

Correct Answer:

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