Contracts
A buyer submits an offer with an earnest money deposit. The seller makes a counteroffer changing the closing date. The original offer is now:
AStill valid and binding on the buyer
BRejected; the counteroffer is a new offer✓ Correct
CSuspended until the buyer responds
DAutomatically accepted by default
Explanation
A counteroffer legally rejects the original offer and creates a new offer. The original offer is extinguished; the buyer is now free to accept, reject, or counter the seller's new proposal.
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