Contracts
A Mississippi seller accepts a buyer's offer but insists on a different closing date. Under contract law, this is a:
ABilateral contract
BUnilateral contract
CCounteroffer that terminates the original offer✓ Correct
DRatification of the original offer
Explanation
Any change to the material terms of an offer (including closing date) constitutes a counteroffer, which operates as a rejection of the original offer and presents new terms for the offeror to accept or reject.
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