Contracts
A counteroffer in Louisiana has the legal effect of:
AAccepting the original offer with modifications
BRejecting the original offer and creating a new offer✓ Correct
CBinding the seller to sell at the original price
DExtending the original offer's acceptance deadline
Explanation
A counteroffer rejects the original offer and replaces it with a new offer. The original offeror is now free to accept, reject, or counter the new terms.
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