Contracts
A counteroffer in Georgia legally:
AA. Keeps the original offer open while adding new terms
BB. Constitutes a rejection of the original offer and a new offer✓ Correct
CC. Creates a binding contract automatically if signed
DD. Must be accompanied by increased earnest money
Explanation
A counteroffer rejects the original offer and makes a new offer with different terms. The original offer is terminated and cannot be accepted after a counteroffer has been made.
Related Georgia Contracts Questions
- A buyer in Georgia signs a contract and the seller signs it three days later. The effective date of the contract is:
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