Contracts
A Utah seller who makes a counteroffer and then receives the buyer's acceptance but later gets a better offer is:
AFree to accept the better offer since no contract existed yet
BBound by the contract if the buyer properly communicated acceptance before the counteroffer was revoked✓ Correct
CAble to rescind within 24 hours under Utah law
DEntitled to a 3-day cooling-off period
Explanation
A counteroffer is binding on the seller only if the buyer accepts it before the seller revokes it. If the buyer properly communicates acceptance before revocation, a binding contract exists. The seller cannot then accept another offer.
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