Contracts
An Arizona purchase contract becomes binding when:
AThe buyer signs the offer
BThe seller accepts and the acceptance is communicated to the buyer✓ Correct
CThe earnest money is deposited
DThe escrow is opened
Explanation
A contract is formed upon a valid offer and acceptance. In Arizona, the acceptance must be communicated to the offeror (buyer) for the contract to be binding. Mere signing without communication does not create a contract.
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