Rejection
A party's refusal to accept an offer, which terminates the offer.
Plain English
When someone says no to an offer, they reject it. Once rejected, the offer is dead—the person making the offer can't later say "too late, I'm accepting anyway." Rejection can be express (stated directly) or implied (by conduct that shows you don't want the deal). It's one of the main ways an offer ends before a contract forms.
Example
Sarah offers to sell her car to Tom for $10,000. Tom says, "No thanks, that's too much." Tom's rejection kills the offer. A week later, Tom changes his mind and tries to accept, but it's too late—there's no contract because the offer no longer exists.
Used in a sentence
“The buyer's rejection of the counteroffer meant the seller was free to negotiate with other interested parties.”
Related terms
This page is a plain-English reference and is not legal advice. Laws vary by jurisdiction and change over time. For specific situations consult a licensed attorney.