True or False: A countered offer is considered rejected and no longer valid.

A countered offer is indeed considered rejected and no longer valid. When one party makes an offer and the other party responds with a different set of terms, this new proposal constitutes a counter offer, effectively voiding the original offer. In the context of contract law, a counter offer signifies that the second party is not accepting the initial proposal, thus rejecting it and presenting an alternative for consideration.

This understanding is crucial in negotiation processes. Once a counter offer is made, the original offer cannot be accepted without re-establishing its terms, since the terms of the original offer have been altered by the counter. The counter offer initiates a new round of negotiation, thereby creating a situation where the original offer is no longer on the table.

In this context, other options present alternative scenarios or conditions that do not accurately reflect the principles of contract law regarding counter offers, reinforcing the accuracy of the statement.