Contracts
In Alaska, a purchase agreement is legally binding when:
AThe buyer signs the offer
BThe seller signs the offer and communicates acceptance to the buyer✓ Correct
CThe earnest money is deposited
DThe title company opens escrow
Explanation
A contract in Alaska (and generally) is formed when the offeree accepts the offer and communicates that acceptance back to the offeror. Signing alone is insufficient without communication of acceptance.
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