Contracts
When a Connecticut seller makes a change to a buyer's offer and returns it to the buyer, what type of contract exists at that moment?
AA binding contract
BNo contract—only a counteroffer (new offer) that the buyer must accept✓ Correct
CA voidable contract
DAn option contract
Explanation
A counteroffer terminates the original offer and creates a new offer by the seller. At this point, there is no binding contract—only the new offer waiting for the buyer's acceptance.
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