Antique Victorian

Is this a counter offer??Help pls..?

Carol owns a shop. One day Bill walks in and saw an antique Victorian vase displayed on the window priced at $1000. When he wants to pay for the vase, Carol refuse to accept it saying its actual price is $2000. However, she was prepared to sell it to Bill for $1500.

Is this a counter offer? From what I've learn, a counter offer happens when any modifications made to the proposal by the offeree(person who accepts the proposal). In the case above, it was the offerer(person who makes the proposal) who made modifications in the proposal. Is this still considered as a counter offer? Please give your opinion.

Yes. It is a bona fide counter offer.If Bill then says,"No, but I will consider an offer of $1,200. That also is a counter offer, etc. until there is final agreement or refusal. There is no contract unless both parties agree as to price and any other conditions of sale.

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