Contracts
A buyer submits an offer on a home. Before the seller accepts, the buyer calls the agent to withdraw the offer. This is:
ANot possible once an offer is submitted in writing
BPermitted because an offer may be revoked at any time before acceptance✓ Correct
CPermitted only if the buyer pays a cancellation fee
DNot permitted if the seller has already begun reviewing the offer
Explanation
Under contract law, an offer can be revoked by the offeror at any time before it is accepted, as long as the offeror communicates the revocation before the offeree has communicated acceptance. Once the seller communicates acceptance, the offer can no longer be revoked.
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