Contracts
A counteroffer in a real estate transaction:
AAccepts the original offer with minor modifications
BTerminates the original offer and creates a new offer✓ Correct
CExtends the original offer's acceptance period
DRequires KREC approval
Explanation
A counteroffer legally terminates the original offer and creates a new offer. The original offeror is now free to accept, reject, or counter the new offer.
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