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.