Which of the following is NOT a way an offer can be terminated?

When assessing the termination of an offer in contract law, it's essential to understand the mechanisms through which offers can end. An offer can be terminated by a counter-offer, which essentially negates the original offer and proposes new terms. Additionally, the offeror has the right to revoke the offer before it is accepted, and an offer can also lapse over a specified period or after a reasonable time if no acceptance occurs.

Acceptance, however, does not terminate an offer; rather, it signifies the binding agreement between the parties, completing the contract. Once an offer is accepted, it has transitioned from an offer into a contract, solidifying the parties' obligations under the agreed-upon terms. Therefore, acceptance is a crucial phase in the formation of a contract and fundamentally alters the status of the initial offer rather than terminating it.