Contracts
A Delaware buyer submits an offer on a home. The seller changes the price and signs the modified offer back to the buyer. This is legally a:
ABinding acceptance creating a contract
BCounteroffer that terminates the original offer✓ Correct
CModification requiring the buyer's original signature
DRejection with no legal effect
Explanation
Any change to the terms of an offer creates a counteroffer, which legally terminates the original offer. The buyer is not bound to the changed terms — they may accept, reject, or counter the seller's counteroffer.
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