ContractsMEDIUM
A Michigan purchase agreement typically becomes binding when:
Correct Answer
B) The seller accepts and communicates acceptance to the buyer
A purchase agreement becomes binding when the seller accepts the offer and communicates that acceptance to the buyer or buyer's agent.
Answer Options
A
The buyer signsB
The seller accepts and communicates acceptance to the buyerC
The earnest money is depositedD
The home inspection is completeVideo Explanation2 min
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