Contracts
A West Virginia seller counters a buyer's offer at a higher price. The original offer is now:
AStill valid until the buyer accepts or rejects the counteroffer
BLegally binding on the buyer
CRejected — the counteroffer terminates the original offer✓ Correct
DExtended for 5 business days
Explanation
A counteroffer is a rejection of the original offer and creates a new offer. The original offer is terminated when the counteroffer is made.
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