Contracts
A buyer submits an offer on a Delaware property. Before the seller accepts, the buyer withdraws the offer. What is the result?
AThe buyer is liable for breach of contract
BThe buyer forfeits their earnest money
CNo contract is formed; the buyer may withdraw before acceptance✓ Correct
DThe seller may sue for specific performance
Explanation
An offer may be revoked by the offeror at any time before acceptance. Since no contract was formed (no acceptance), the buyer has no liability and may withdraw without penalty.
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