What distinguishes the WA 'Offer and Acceptance' system from the 'Contract of Sale' system used in most other Australian states?
Correct Answer
D) The buyer's written offer binds once the seller's acceptance is communicated to the buyer
The WA Offer and Acceptance system involves the buyer preparing a written offer (often with conditions) which the seller can accept, reject, or sign back with amendments. A binding contract forms when acceptance is communicated. In other states, a pre-prepared contract of sale is the norm, signed by both parties.
Why This Is the Correct Answer
In WA the buyer starts with a written offer that the seller can accept, reject or counter, and the contract forms when acceptance is communicated.
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