> And while Merryman's view isn't reflected in the court filings, Goldstein said his "statement that the price is a firm $50,000 could reasonably be understood as a counteroffer, which Jump had the power to accept, thereby forming a contract."
Jump imagines the seller cares about their long-term reputation for honoring their offer as a market-maker.
He could not give a hoot.
A verbal or written counteroffer is not a contract. How long does Jump imagine they have to accept counteroffer? Eternity? Silliness & slimy legal jiu jitsu.
Generally in situations like this, unless otherwise specified, courts would fall back to a “reasonable” period of time or until Jump is notified that the offer is no longer valid.