Contracts
In South Dakota real estate practice, a counteroffer by the seller:
AKeeps the original offer alive as a backup
BRejects the original offer and creates a new offer✓ Correct
CCan only change the price, not other terms
DMust be presented by the buyer's agent within 24 hours
Explanation
A counteroffer is a rejection of the original offer and a new offer by the counterofferor. The original offer is terminated when the seller makes a counteroffer; the buyer can accept, reject, or counter the counteroffer.
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