Contracts
An Alaska buyer submits an offer with a 48-hour acceptance deadline. The seller does not respond within 48 hours. The offer:
ABecomes binding on the buyer for an additional 48 hours
BAutomatically converts to a counteroffer
CExpires and is no longer valid✓ Correct
DMust be extended by mutual agreement
Explanation
An offer that includes an expiration time lapses automatically when that deadline passes without acceptance. The offeror is under no further obligation, and the offeree cannot revive the offer by accepting it after the deadline — a new offer would be required.
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