Contracts
In Alaska, which of the following situations represents a 'meeting of the minds' required for contract formation?
AThe buyer signs the offer and mails it to the seller
BThe seller accepts the buyer's exact offer without modification and communicates acceptance to the buyer✓ Correct
CThe buyer and seller verbally agree to the price
DThe earnest money is deposited into escrow
Explanation
A meeting of the minds (mutual assent) requires that the seller accept the exact terms of the offer and communicate that acceptance back to the offeror. Any modification creates a counteroffer, not acceptance.
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