Contracts
A counteroffer in a Kentucky real estate transaction:
AKeeps the original offer open while adding new terms
BRejects the original offer and creates a new offer✓ Correct
CIs binding once the original buyer signs it
DRequires approval from KREC
Explanation
A counteroffer legally rejects the original offer and constitutes a new offer by the seller, which the buyer may then accept, reject, or counter.
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