Contracts
A Florida seller accepts a buyer's offer and both parties sign the contract. Before the buyer receives notice of the seller's acceptance, the buyer sends a written revocation. Under contract law:
AThe contract is void because the buyer revoked before receiving acceptance
BThe contract is valid because the seller had already accepted
CThe contract is voidable at the buyer's option
DWhether a contract exists depends on whether the revocation was sent before or after the seller signed✓ Correct
Explanation
Under contract law, an offer can be revoked any time before the offeree's acceptance is communicated to the offeror. If the seller signed (accepted) but the buyer's revocation reached the seller BEFORE the seller communicated acceptance to the buyer, the revocation is effective and no contract exists. If the acceptance was communicated first, the contract is valid. Timing of communication is critical.
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