Contracts
A buyer submits an offer on a home. Before the seller accepts, the buyer withdraws the offer. What is the result?
AThe seller can still accept and force the buyer into the contract
BThe buyer is liable for the seller's marketing costs
CThe offer is revoked, and no contract is formed✓ Correct
DThe buyer forfeits any deposit already paid
Explanation
An offer can be revoked any time before acceptance, as long as it has not been accepted and communicated to the offeror. Revocation before acceptance means no contract is formed, and the buyer has no obligation.
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