Question

B makes an offer to buy W’s home. The offer contained a provision limiting the time for acceptance to 48 hours. W immediately rejected the offer as inadequate. After thinking about it overnight, W called his agent and said, "I’ve changed my mind. I’ll take the offer." What is the status of B’s offer?

Answer 1

The correct answer is It was terminated when W first rejected it.

Explanation: The rejection automatically terminates an offer.