Contracts
In New York, a 'counteroffer' in a real estate transaction legally:
AAccepts the original offer with minor modifications while keeping the original offer open
BRejects the original offer and constitutes a new offer✓ Correct
CRequires acceptance within 24 hours
DMust be in writing to be valid
Explanation
A counteroffer is both a rejection of the original offer and a new offer made by the offeree. The original offer is extinguished, and the counterofferor cannot later accept the original offer.
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