Under the REIWA Offer and Acceptance process in WA, at what point does a binding contract come into existence?
Correct Answer
B) When the seller signs acceptance and it is communicated to the buyer or the buyer's agent
A binding contract is formed in WA when the seller signs the acceptance and that acceptance is communicated to the buyer or the buyer's agent. Until communication occurs, there is no binding contract even if the seller has signed.
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