Contracts
A Massachusetts buyer makes an offer on a house. The seller responds with different terms. This is legally a:
AAcceptance
BRejection with a counter-offer✓ Correct
CModification
DBreach of contract
Explanation
A counteroffer constitutes both a rejection of the original offer and a new offer by the former offeree. The original offer is no longer available for acceptance once a counteroffer is made.
People Also Study
Related Massachusetts Questions
- A Massachusetts seller 'accepts' a buyer's offer but requires the buyer to also purchase the seller's furniture. This modified acceptance is legally a:Contracts
- Massachusetts Chapter 40A §6 protects 'pre-existing nonconforming' structures and uses. A structure that was legally built under former zoning but no longer conforms to current zoning requirements may generally be:Land Use & Zoning
- A counteroffer in Massachusetts constitutes:Contracts
- If a seller signs and delivers an acceptance but the buyer does not receive it until after the seller revokes the offer, under Massachusetts contract law:Contracts
- In Massachusetts, which form of co-ownership is available ONLY to legally married spouses?Property Ownership
- A Massachusetts seller sends a counteroffer to the buyer. Before the buyer responds, the seller wants to revoke the counteroffer. The seller can revoke because:Contracts
Key Terms to Know
Earnest Money
A deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
Study This Topic
Practice More Massachusetts Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Massachusetts Quiz →