Contracts
In Delaware, what happens to a real estate contract when the seller dies after accepting an offer but before closing?
AThe contract is automatically void
BThe contract remains binding on the seller's estate, and the closing proceeds through the personal representative✓ Correct
CThe buyer may renegotiate or withdraw with earnest money returned
DThe property reverts to the state
Explanation
A binding purchase contract survives the death of either party. The seller's estate (through the personal representative/executor) is obligated to complete the transaction according to the contract terms.
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