Contracts
A buyer submits an offer to purchase. The seller responds by changing the price. This seller's response is legally a:
ABinding acceptance
BCounteroffer that voids the original offer✓ Correct
CConditional ratification
DUnilateral contract
Explanation
When a seller changes any term of the buyer's offer, it constitutes a counteroffer. A counteroffer rejects and replaces the original offer, which is no longer valid.
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