A seller accepts a buyer's offer by email. The buyer receives the email. When is the contract formed?
Why When the buyer receives the email and it is communicated to the buyer Is Correct
Answer B: When the buyer receives the email and it is communicated to the buyer
Exam Tip: Contracts
Contract questions frequently test the essential elements required for a valid contract. Remember: competent parties, mutual consent, lawful object, and sufficient consideration. Watch for void vs. voidable distinctions.
Key Contracts Terms in This Question
People Also Study
Related California Questions
- Which element is NOT required for a valid real estate contract in California?Contracts
- In a California standard residential purchase agreement, when does an offer become a binding contract?Contracts
- A broker receives an earnest money check made out to the seller. The buyer instructs the broker to hold the check uncashed until offer acceptance. The broker MUST:Trust Funds
- Which of the following is NOT one of the four essential elements required for a valid real estate contract in California?Contracts
- A contract signed by a minor (under 18) in California is generally:Contracts
Key Terms to Know
A neutral third-party arrangement where funds, documents, and instructions are held until all conditions of a real estate transaction are satisfied.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Study This Topic
Practice More California Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free California Quiz →