Contracts
A counteroffer in a real estate transaction legally:
AAccepts the original offer with minor modifications
BRejects the original offer and creates a new offer✓ Correct
CBinds both parties immediately
DMust be accepted within 24 hours
Explanation
A counteroffer legally rejects the original offer and creates a new offer. The original offeror is not bound by their original offer once a counteroffer is made and is free to accept or reject the counteroffer.
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