A seller can withdraw a counteroffer prior to the buyer accepting it even when the buyer said they agree to the terms and will sign soon. True or False?
Answer: True
Either party can withdraw an offer or counteroffer prior to the time the other side signs or initials and returns a fully executed copy. Under the Statute of Frauds, certain types of contracts must be in writing and signed to be enforceable. One type of contract subject to this rule is a contract for the sale of real property.
