Contracts
When a buyer makes an offer and the seller counters with different terms, the original offer is:
AStill valid and binding on the buyer
BAutomatically terminated✓ Correct
CExtended for 3 additional days
DHeld in escrow until the buyer responds
Explanation
A counteroffer constitutes a rejection of the original offer and creates a new offer. The original offer is terminated and cannot be accepted by the seller unless the buyer resubmits it. The buyer may accept, reject, or counter the seller's counteroffer.
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