Contracts
In NC, a seller's counteroffer to a buyer's original offer creates:
AA binding contract on both parties
BA rejection of the original offer and a new offer from the seller✓ Correct
CAn extension of the original offer's expiration date
DAn obligation for the buyer to accept the counteroffer
Explanation
A counteroffer rejects the original offer and constitutes a new offer from the seller to the buyer. The original offer is terminated, and the buyer may accept, reject, or counter the seller's counteroffer.
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