Contracts
A Wyoming buyer submits an offer that the seller counters with a higher price. The original offer is now:
AStill valid and binding on the buyer
BRejected and terminated by the counteroffer✓ Correct
CHeld in escrow until the buyer responds
DAutomatically accepted if the buyer doesn't respond in 24 hours
Explanation
A counteroffer constitutes a rejection of the original offer and a new offer. The original offer is terminated and the buyer is under no obligation to accept the counteroffer.
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