Contracts
An Oklahoma seller who accepts a buyer's offer with conditions or changes has legally:
AAccepted the offer and created a binding contract
BMade a counteroffer, rejecting the original offer✓ Correct
CCreated a voidable contract
DExtended the original offer's acceptance period
Explanation
Any change to the terms of an offer, no matter how minor, constitutes a counteroffer and a rejection of the original offer. A new offer is created with the changed terms.
Related Oklahoma Contracts Questions
- In Oklahoma, the closing date in a real estate purchase contract is:
- Under Oklahoma's parol evidence rule, oral agreements made before a written contract is signed:
- What is the legal effect of a counteroffer on the original offer?
- Under the statute of frauds, which of the following real estate contracts MUST be in writing to be enforceable in Oklahoma?
- The Oklahoma Statute of Frauds applies to real estate contracts, which means a contract for the sale of real estate must be in writing to be:
- When a seller accepts an offer and deposits the earnest money, the contract is in which stage?
- Under Oklahoma law, a minor (under 18) who signs a real estate contract may:
- Under what circumstances may a buyer rescind (cancel) a contract in Oklahoma after all contingencies have been removed?
Practice More Oklahoma Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oklahoma Quiz →