Contracts
A Missouri buyer receives a counteroffer from the seller. The buyer's original offer is now:
AStill valid and can be accepted by the seller at any time
BTerminated; the counteroffer rejected the original offer✓ Correct
CAutomatically extended by 48 hours
DBinding until the buyer signs the counteroffer
Explanation
A counteroffer constitutes rejection of the original offer and a new offer. The original offer is terminated and cannot later be accepted by the seller.
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