Contracts
When a seller counters a buyer's offer, the original offer is:
AStill valid and the buyer can accept the original offer
BAutomatically voided and replaced by the counteroffer✓ Correct
CBinding on the seller until the buyer responds to the counteroffer
DExtended for an additional 48 hours
Explanation
A counteroffer is a rejection of the original offer and a new offer by the seller. The original offer is voided. The buyer may accept, reject, or counter the seller's counteroffer, but they cannot revert to the original offer.
Related Utah Contracts Questions
- A Utah real estate purchase contract becomes binding when:
- The parol evidence rule in real estate contracts means:
- Under Utah's REPC, the seller's representations section includes warranty against:
- In Utah, an offer must be in writing and signed to be enforceable because:
- A Utah seller can legally back out of a signed purchase contract if:
- A Utah Purchase Contract that contains a financing contingency protects the buyer if:
- The integration clause (merger clause) in a Utah purchase contract states:
- In Utah, if both parties to a purchase contract agree to cancel after the Due Diligence Deadline has passed, the earnest money disposition is determined by:
Practice More Utah Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Utah Quiz →