Contracts
In Delaware, what must occur to have a valid acceptance of a real estate offer?
AThe seller signs but doesn't need to notify the buyer
BThe seller accepts without modification AND communicates that acceptance to the offeror (buyer or their agent) before the offer expires✓ Correct
CThe buyer must countersign the acceptance
DA notary must witness the acceptance
Explanation
Acceptance requires that the offeree accept all terms of the offer without modification AND communicate that acceptance to the offeror (or their agent) before the offer lapses or is revoked. Silent acceptance is not effective.
Related Delaware Contracts Questions
- In Delaware, what is a 'counter-offer' and what effect does it have on the original offer?
- A Delaware buyer and seller sign a contract but the buyer is 17 years old. The contract is:
- What is a 'latent defect' in a Delaware real estate transaction?
- In Delaware, 'rescission' of a real estate contract means:
- Which type of listing agreement gives the owner the most control and the broker the least security?
- What is the legal remedy of 'specific performance' in a Delaware real estate transaction?
- A Delaware real estate contract that requires an illegal act is considered:
- A Delaware purchase contract contains a 'mortgage contingency.' If the buyer fails to obtain financing despite good-faith efforts, the buyer may:
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →