Contracts
What is the legal effect of a counteroffer in a New Hampshire real estate transaction?
AIt accepts the original offer with minor changes
BIt rejects the original offer and creates a new offer✓ Correct
CIt extends the acceptance deadline of the original offer
DIt creates a binding contract on the original terms
Explanation
A counteroffer legally rejects the original offer and substitutes a new offer on different terms. The original offeror may then accept, reject, or counter the new terms.
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