Contracts
A buyer makes an offer on a Florida property. Before the seller signs, the buyer withdraws the offer. What is the legal status of the contract?
AThe seller can force the buyer to proceed
BNo contract exists; the offer was validly revoked before acceptance✓ Correct
CThe buyer owes the seller damages for wasting their time
DFREC can compel the buyer to complete the transaction
Explanation
An offer can be revoked at any time before acceptance. Since the buyer withdrew before the seller signed (accepted), no contract was formed. There is no obligation on either party and no damages are owed.
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