Contracts
In a California standard residential purchase agreement, when does an offer become a binding contract?
AWhen the buyer signs the offer
BWhen the seller signs the acceptance
CWhen the buyer is notified of the seller's acceptance✓ Correct
DWhen the deposit is delivered to escrow
Explanation
A contract is formed when the offeror is notified (or receives communication) of the offeree's acceptance. In California, the buyer must be notified of the seller's acceptance for the contract to be binding.
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