Under Utah contract law and the REPC framework, which of the following actions would NOT terminate a buyer's original offer?
Correct Answer
A) The seller signs and communicates an unqualified acceptance of all terms in the buyer's offer
An unqualified acceptance of all terms in the buyer's offer does NOT terminate the offer — instead, it converts the offer into a binding contract. The offer is fulfilled through acceptance, not terminated. All other options describe events that genuinely terminate the offer without forming a contract.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The Statute of Frauds is a legal requirement that certain types of contracts must be in writing and signed to be enforceable. In real estate, all contracts for the sale of land or interests in land must be in writing.
A time is of the essence clause in a contract means that all deadlines and dates specified in the agreement are strictly enforceable, and failure to meet them constitutes a material breach.
An appraisal contingency allows the buyer to cancel or renegotiate the contract if the property's appraised value comes in lower than the agreed-upon purchase price. This contingency protects buyers from overpaying.
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