Contracts
A Florida seller counters a buyer's offer at a higher price. Before the buyer accepts the counteroffer, the seller revokes it. Is the revocation valid?
ANo — the seller is bound by the counteroffer until it expires
BYes — an offer (or counteroffer) can be revoked any time before acceptance is communicated✓ Correct
CNo — the buyer has 72 hours to accept
DYes — only if the buyer has not yet seen the counter
Explanation
An offer or counteroffer can be revoked at any time before acceptance has been communicated to the offeror. Once the revocation is communicated, the offer is terminated and cannot be accepted.
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