Contracts
What happens when a buyer makes a counteroffer to the seller's counteroffer?
AThe original offer is reinstated
BThe first counteroffer is automatically accepted
CThe most recent counteroffer controls; earlier offers are void✓ Correct
DBoth parties must start over with a new contract
Explanation
Each counteroffer voids all previous offers. The most recent counteroffer is the only one on the table until accepted, rejected, or countered again.
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