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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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