Contracts
In Tennessee, which of the following typically terminates an offer to purchase?
AThe buyer sleeping on the offer overnight
BRejection by the offeree, counteroffer, expiration of the offer period, or revocation before acceptance✓ Correct
CA change in mortgage rates
DThe property being shown to other buyers
Explanation
An offer is terminated by: rejection by the offeree, the offeree making a counteroffer, expiration of the stated time period, or revocation by the offeror before acceptance is communicated.
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