Contracts
An Indiana purchase offer that expires before being accepted is:
AAutomatically renewed for another 24 hours
BTerminated — the offer is no longer valid and cannot be accepted after the expiration time✓ Correct
CConvertible to a counteroffer
DRevived if the offeror re-signs it
Explanation
An offer that expires without acceptance is terminated. The offeree cannot accept it after the deadline has passed. If the offeree wants to proceed, they would need to submit a new offer.
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