Contracts
A buyer makes an offer on a Florida home with an earnest money deposit of $5,000. The seller accepts. Before the buyer can deposit the money, the seller dies. The contract is:
AAutomatically void due to the seller's death
BGenerally still enforceable against the seller's estate✓ Correct
CVoidable at the buyer's option only
DAutomatically extended for 60 days
Explanation
A real estate contract is generally not voided by the death of a party. The contract becomes binding on the seller's estate, and the estate representative typically has the obligation to complete the sale.
Related Florida Contracts Questions
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