Contracts
A counteroffer in a real estate transaction:
AAccepts the original offer with no changes
BRejects the original offer and creates a new offer requiring acceptance by the original offeror✓ Correct
CExtends the time period for acceptance only
DIs always legally binding on both parties
Explanation
A counteroffer rejects the original offer and substitutes a new offer with different terms. The original offeror becomes the offeree and must accept, reject, or counter the new offer. The original offer is extinguished.
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