An offer is a$($n$)$

or commitment to do or refrain from doing some specified action in the

future.

In this case,

the offeror and

J is the offeree.

An offer

terminate automatically when the period of time specified in the offer has

passed.

In this case,

made an offer that automatically terminated at $5$:$00$pm on August $5$th$.$

Before the offer automatically terminated, Miller replied to Normile with changes in the terms of the

offer. This constitutes a

of the original offer.

A counteroffer is a$(n)$

of the original offer.

A counteroffer

I have to be accepted.

If an original offeror does accept the terms of the counteroffer, a valid contract

created.