The failure rate among small businesses has been increasing in recent years

The UCITA does not become law until a state's legislature enacts it as a state statute

Indicate whether the statement is true or false

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

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