Contracts
A buyer's agent presents an offer on a Connecticut property. The seller responds with a counteroffer changing the price and closing date. This counteroffer:
AMust be accepted by the buyer exactly as written
BConstitutes a rejection of the buyer's original offer and creates a new offer✓ Correct
CExtends the buyer's original offer for 48 hours
DAutomatically becomes a binding contract
Explanation
A counteroffer legally rejects the original offer and creates a new offer. The original buyer is no longer bound by their offer and may accept, reject, or counter the seller's counteroffer.
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