Contracts
A Mississippi seller's agent sends a counteroffer to the buyer. Before the buyer can respond, the seller calls to revoke the counteroffer. The revocation is:
AIneffective since counteroffers cannot be revoked
BEffective if communicated to the buyer before the buyer communicates acceptance✓ Correct
CEffective only if in writing
DOnly effective if the buyer agrees to the revocation
Explanation
Like original offers, counteroffers can be revoked at any time before they are accepted and the acceptance communicated to the offeror. A seller's revocation of their counteroffer is effective when communicated to the buyer, as long as it occurs before the buyer's acceptance is communicated to the seller.
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