Contracts
In Alabama, what is the effect of a counteroffer on the original offer?
AThe original offer remains open while the counteroffer is considered
BThe counteroffer automatically extends the original offer's deadline
CThe counteroffer rejects and terminates the original offer✓ Correct
DBoth offers are simultaneously valid until one is accepted
Explanation
A counteroffer operates as a rejection of the original offer and creates a new offer. Once a counteroffer is made, the original offer is terminated and the original offeror is no longer bound by it.
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