Contracts
A buyer submits an offer and the seller responds with different terms. Under Ohio contract law, this is:
AAn acceptance that creates a binding contract
BA counteroffer, which voids the original offer✓ Correct
CA rejection that requires the buyer to start over
DA modification the buyer must accept
Explanation
A counteroffer changes the terms of the original offer, which legally constitutes a rejection of the original offer and creates a new offer that the buyer may accept, reject, or counter.
Related Ohio Contracts Questions
- In Ohio, an option contract gives the optionee:
- What is a bilateral contract in real estate?
- What is a land contract (contract for deed) in Ohio?
- What is a rescission right under the federal Consumer Credit Protection Act?
- What is a completion bond vs. a performance bond in construction?
- What is a time is of the essence clause in a real estate contract?
- What is a contingency in a real estate purchase contract?
- Under Ohio contract law, which element is NOT required for a valid real estate contract?
Practice More Ohio Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Ohio Quiz →