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The seller dies after an offer to purchase their property has been accepted. The seller’s grandchild inherits the real estate. What happens to the sale?
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Question & Answer
Review the question and all answer choices
A
The offer is voidable.
B
The grandchild is compelled to sell under the terms of the accepted offer.
Correct Answer
C
The offer is terminated.
D
The grandchild may choose whether or not to honor the sale.
Why is this correct?
An accepted offer creates a binding contract that survives the death of either party.
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