Contracts
A counteroffer by the seller in response to a buyer's offer:
AKeeps the original offer open
BRejects the original offer and creates a new offer✓ Correct
CAutomatically binds the buyer to modified terms
DExtends the acceptance deadline
Explanation
A counteroffer rejects the original offer entirely and creates a new offer with modified terms. The original offer is no longer valid, and the buyer (now the offeree) can accept, reject, or counter again.
Related Hawaii Contracts Questions
- In Hawaii, what is a 'seller's disclosure statement' and when must it be provided?
- In Hawaii, when can a buyer legally back out of a signed purchase contract without penalty?
- Under Hawaii law, which of the following elements is NOT required to form a valid real estate contract?
- In Hawaii, the doctrine of 'time is of the essence' in a real estate contract means:
- A Hawaii buyer makes an offer that is accepted by the seller. Before closing, the seller passes away. What happens to the contract?
- A Hawaii real estate contract is said to be 'executed' when:
- Which type of contract gives one party the right, but not the obligation, to purchase a property at a set price within a specified time?
- In Hawaii, what is 'quantum meruit' as a legal remedy in real estate agency cases?
Practice More Hawaii Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Hawaii Quiz →