Contracts
In New Jersey, a 'counteroffer' by the seller legally:
AAccepts the original offer with minor modifications
BRejects the original offer and creates a new offer that the buyer may accept or reject✓ Correct
CExtends the original offer deadline
DRequires the buyer to reduce their price
Explanation
A counteroffer is a rejection of the original offer combined with a new offer. The original offer is terminated and the seller becomes the offeror.
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