Brad offers to sell his house to Vince for $500,000.Vince says that the price is too high and offers to buy the house for $475,000.Brad says no.If Vince then says,"Okay,I accept the offer at $500,000",they have a contract.

Question

Quizplus · Accepted Answer

When Vince made a counteroffer of $475,000, it effectively rejected Brad's original offer of $500,000. Therefore, when Vince later tries to accept the original offer, it is no longer valid, and no contract is formed.

Brad Offers to Sell His House to Vince for $500,000