Contracts
A counteroffer from a Pennsylvania seller that changes the closing date, but accepts all other terms, creates:
AA binding contract with the original closing date
BA new offer from the seller that the buyer must accept, reject, or counter✓ Correct
CA valid contract with both closing dates as options
DAn invalid contract that must be rewritten entirely
Explanation
Any material change to the original offer constitutes a counter-offer — a new offer from the seller. This rejects the buyer's original offer and creates a new offer on the seller's terms. The buyer now holds the power to accept, reject, or further counter the seller's counter-offer.
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