Contracts
A buyer makes an offer on a Georgia property, and the seller counters with a higher price. Before the buyer responds, the seller withdraws the counter. Is the original offer still valid?
AYes, the original offer is still valid until the buyer accepts or rejects it
BNo, the counteroffer extinguished the original offer✓ Correct
CYes, but only for 24 more hours
DNo, both offers are void once a counter is made
Explanation
A counteroffer rejects the original offer and creates a new offer. Once the seller countered, the original offer was extinguished — the seller cannot go back to it after withdrawing the counter.
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