Contracts
A Florida buyer and seller execute a purchase contract. The buyer's attorney reviews the contract and recommends changes. The seller refuses to make any changes. In this situation:
AThe contract is voidable since the attorney wasn't consulted before signing
BThe buyer must accept the contract as-is since both parties already signed
CThe parties are bound by the contract as executed since it was signed by both parties✓ Correct
DThe attorney can make changes unilaterally if both parties agree verbally
Explanation
Once a contract is signed by both parties, it is binding. The buyer's attorney review does not create a contingency unless the original contract specifically included an 'attorney review' contingency allowing modification within a specified period. Without such a clause, the parties are bound by the contract as executed. Unilateral changes require the other party's written consent (a signed amendment).
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