Contracts
A counteroffer in a real estate transaction legally:
AAccepts the original offer with minor modifications
BRejects the original offer and creates a new offer✓ Correct
CExtends the acceptance deadline of the original offer
DBinds the original offeror to new terms
Explanation
A counteroffer constitutes a rejection of the original offer and simultaneously creates a new offer. The original offeror becomes the offeree and is free to accept, reject, or counter again.
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