A buyer submits an offer on a Kentucky property. Before the seller responds, the buyer decides to withdraw. This is an example of:
Correct Answer
B) Revocation of an offer before acceptance
An offer can be revoked by the offeror at any time before it is accepted by the offeree. No contract has been formed, so there is no breach.
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A buyer makes an offer on a South Dakota property. Before the seller accepts, the buyer decides to withdraw. This is an example of:
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A buyer sues a seller who refuses to complete a real estate sale. If the court orders the seller to go through with the transaction rather than pay monetary damages, this remedy is called: