Contracts
In Tennessee real estate practice, when a buyer makes an offer and the seller changes any term and signs back, this creates:
AA binding contract with the original terms
BA counteroffer that voids the original offer✓ Correct
CA valid contract with the seller's modifications
DAn option for the buyer to accept or reject
Explanation
When a seller changes any term of the buyer's offer, this constitutes a counteroffer that legally rejects the original offer. No contract exists until one party accepts the other's offer exactly as presented.
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