Contracts
A Texas seller counteroffers the buyer's offer with a higher price. The buyer then accepts the counteroffer with minor changes. This creates a:
ABinding contract on the seller's counteroffer terms
BA second counter (mirror image rule) — the seller's counteroffer with changes is a new counteroffer, not an acceptance✓ Correct
CAn executed contract enforceable by either party
DA void contract
Explanation
Under the mirror image rule, an acceptance must exactly match the offer. If the buyer changes any terms when 'accepting' the counteroffer, the buyer has actually made a new counteroffer, not accepted the original counteroffer. This becomes a counter to the counter.
Related Texas Contracts Questions
- Which of the following is considered a 'material fact' that must be disclosed in a Texas real estate transaction?
- Under Texas law, a seller who has signed a listing agreement and then receives an acceptable offer is obligated to:
- Under Texas law, a real estate sales contract that violates the Statute of Frauds because it is not in writing is:
- Under the Texas TREC residential contract, the closing date can be extended by mutual agreement. If only the buyer requests an extension:
- Under the TREC contract, property tax prorations at closing are typically based on:
- In a Texas real estate transaction, the 'closing' refers to:
- In Texas, the TREC Promulgated Addendum 'Seller's Temporary Residential Lease' allows:
- TREC's Addendum for Sale of Other Property by Buyer allows the buyer to make the purchase contingent on the sale of their current home. If the seller receives another acceptable offer during this contingency period, the buyer typically has:
Practice More Texas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Texas Quiz →