Contracts
A Connecticut seller sends a counteroffer to the buyer. Before the buyer accepts, the seller receives a better offer and wants to revoke the counteroffer. Under contract law, the seller may:
ANot revoke a counteroffer once sent
BRevoke the counteroffer anytime before the buyer communicates acceptance, as long as the counteroffer did not include a binding option✓ Correct
COnly revoke with the buyer's written consent
DOnly revoke after 24 hours
Explanation
A counteroffer (or any offer) may be revoked by the offeror at any time before the offeree communicates acceptance, unless the offer is supported by separate consideration making it irrevocable (an option contract). Once acceptance is communicated, the contract is formed and the offer cannot be revoked.
Related Connecticut Contracts Questions
- A buyer makes an offer to purchase a home. Before the seller accepts the offer, the buyer calls the agent to withdraw the offer. Under contract law:
- Under the Connecticut Statute of Frauds, which of the following real estate contracts must be in writing to be enforceable?
- A Connecticut purchase contract states that the buyer must obtain a satisfactory home inspection within 10 days. The 10th day is a Sunday. Under Connecticut law, when does the contingency period expire?
- A Connecticut seller's 'right to cure' under a purchase contract means the seller has the right to:
- A Connecticut seller wants to sell the property in 'as-is' condition and also include a limitation of liability for non-disclosure. A competent Connecticut real estate attorney would advise that:
- In Connecticut, a purchase and sale agreement should ALWAYS include which of the following to be enforceable?
- In Connecticut, an 'as-is' clause in a purchase contract means:
- 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:
Practice More Connecticut Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Connecticut Quiz →