Contracts
If a NC seller counters an offer and the buyer rejects the counteroffer, the original offer:
AIs automatically reinstated
BHas been terminated — the seller's counteroffer constituted a rejection of the original offer✓ Correct
CRemains open until a new contract is signed
DMay be accepted by the seller if the buyer's rejection is not in writing
Explanation
A seller's counteroffer is a rejection of the original offer and a new offer. If the buyer rejects the counteroffer, the original offer is no longer available — either party would need to make a new offer.
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