Contracts
In Kansas, what happens to a real estate contract offer if the offeree (seller) changes one term?
AThe original offer remains open
BThe change constitutes a counter-offer, which is a rejection of the original offer and creates a new offer that the original offeror may accept or reject✓ Correct
CThe offer is automatically extended for 24 hours
DThe change is treated as a binding acceptance
Explanation
Under the mirror image rule, any change to the terms of an offer creates a counter-offer, rejecting the original offer. The original offeror is no longer bound by their original offer and may accept or reject the counter-offer.
Related Kansas Contracts Questions
- A Kansas buyer and seller agree verbally on a $10,000 price reduction after inspection. Before putting it in writing, the seller changes their mind. Is the verbal modification enforceable?
- In Kansas, a 'novation' in a real estate transaction means:
- Under Kansas law, what is required for a real estate contract to be enforceable under the Statute of Frauds?
- In Kansas, when a purchase agreement includes a 'force majeure' clause, it may excuse performance if:
- In Kansas, what is an 'addendum' versus an 'amendment' to a real estate contract?
- A Kansas purchase agreement contingency for financing means:
- A Kansas buyer submits an offer below the list price. This is best described as:
- A counteroffer in Kansas real estate transactions:
Practice More Kansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Kansas Quiz →