Contracts
In Florida real estate, a 'counteroffer' legally operates as:
AAn acceptance with minor modifications that binds both parties
BA rejection of the original offer and a new offer from the other party✓ Correct
CA request for more time to consider the original offer
DA binding addendum to the original offer
Explanation
A counteroffer is a rejection of the original offer combined with a new offer made by the recipient. The original offer is extinguished, and the parties must now agree on the counteroffer's terms for a contract to be formed.
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