Contracts
A Connecticut buyer's offer specifies that the offer expires at 5:00 PM the following day. At 5:01 PM, the seller signs the acceptance. This results in:
AA binding contract because the seller signed
BNo contract—the offer had expired before acceptance was made✓ Correct
CA voidable contract at the buyer's election
DA contract subject to Commission approval
Explanation
An offer that is not accepted before its stated expiration is dead. The seller's acceptance after expiration is a new offer, not a binding acceptance of the original offer.
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