Contracts
An Indiana buyer who provides an offer with a 24-hour acceptance deadline and the seller accepts on hour 25 has created:
AA binding contract because the acceptance was 'close enough'
BNo contract — the late acceptance is treated as a new counteroffer that the original buyer can accept or reject✓ Correct
CA voidable contract
DAn enforceable contract if both parties proceed to closing
Explanation
Acceptance after an offer's deadline is not valid acceptance — it constitutes a rejection and is treated as a new offer (counteroffer) from the seller back to the buyer. No contract is formed until a timely acceptance.
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