Contracts
A Kansas home seller receives an offer with a 3-day acceptance deadline. On day 2, the seller counter-offers, adding a new clause. What happens to the original offer?
AIt is still valid until the 3-day deadline passes
BIt is rejected by the counteroffer and the original offer no longer exists✓ Correct
CIt is automatically extended for 3 more days
DIt becomes binding if the buyer does not respond
Explanation
A counteroffer legally rejects the original offer. The original offer is extinguished and the buyer now has the power to accept or reject the counteroffer.
Related Kansas Contracts Questions
- In Kansas, when a purchase agreement includes a 'force majeure' clause, it may excuse performance if:
- In Kansas, a purchase contract that is 'executory' means:
- Under Kansas contract law, which of the following is NOT a required element for a valid real estate contract?
- In Kansas, what happens to a real estate contract offer if the offeree (seller) changes one term?
- In Kansas, what is the distinction between 'void' and 'unenforceable' contracts?
- In Kansas, which of the following is an example of an 'implied covenant' in a real estate purchase agreement?
- In Kansas, if a buyer's financing contingency is approved but the lender requires certain repairs before funding, the buyer should:
- A Kansas real estate contract signed under duress is:
Practice More Kansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Kansas Quiz →