Contracts
A buyer submits a written offer to purchase a property. Before the seller communicates acceptance, the buyer calls to revoke the offer. The offer is:
AStill binding because it was submitted in writing
BRevoked, because an offer can be withdrawn any time before acceptance is communicated✓ Correct
CRevoked only if the seller agrees to the revocation
DStill binding for 72 hours after submission
Explanation
An offer can be revoked by the offeror at any time before acceptance is communicated, even if the offer specifies it will remain open for a certain period (unless there is consideration for keeping it open, such as in an option contract).
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