A recipient of a counteroffer must accept the counteroffer upon receipt if they made the original offer.
Correct Answer:
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Q10: An option for real estate need not
Q11: An option requires a seller to hold
Q12: An option need not have consideration to
Q13: The delivery of marketable title is a
Q14: A buyer accepts when he changes only
Q16: Part performance is an exception to the
Q17: Misrepresentation requires proof of intent.
Q18: In order to establish misrepresentation, the buyer
Q19: A buyer's counteroffer is automatically rejected when
Q20: A seller can revoke an option at
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