Contracts (alternative)
Under Maryland law, a counteroffer to a real estate purchase contract:
AKeeps the original offer alive for 48 hours
BConstitutes a rejection of the original offer and creates a new offer✓ Correct
CMust be submitted to MREC within 24 hours
DAutomatically extends all contingency deadlines by 5 days
Explanation
A counteroffer legally rejects the original offer and presents new terms. The original offeror is then free to accept, reject, or counter the new terms.
Related Maryland Contracts (alternative) Questions
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