A counteroffer is

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of the

original offer and

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$($

have to be

accepted. If an original offeror does accept the terms

of the counteroffer, a valid contract

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created. Nolan received the

terms of the counteroffer, but select answer

accept the terms of the counteroffer. When Nolan was

informed that $"[$y$]$ou snooze, you lose; the property

has been sold," Kapoor had select answer

her counteroffer.