Explain bob may now admit ted''s counteroffer

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Reference no: EM13111377

Bob obtainable to sell his racing bike to Ted for $2,500. Ted responded that it was much money however he would pay $1,500. Bob said no. Two days later Ted said that Bob's original offer was acceptable. Which of the subsequent best describes this situation?
A. Ted made a counteroffer however Bob's offer may still be accepted.
B. Bob may now admit Ted's counteroffer.
C. There is now a valid contract between Bob and Ted.
D. Ted's counteroffer of $1,500 terminated Bob's original offer.

Reference no: EM13111377

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