Contracts
A Kentucky buyer's offer states it will expire at 5:00 PM on Friday. The seller accepts at 6:00 PM Friday. The contract:
AIs binding because the seller accepted the same day
BIs not binding because acceptance was after the deadline✓ Correct
CIs binding if the buyer was aware of the acceptance
DIs binding at the discretion of the real estate agent
Explanation
An offer that specifies an expiration time becomes void at that time. Acceptance after the expiration is not a valid acceptance of the original offer — it would constitute a new counteroffer from the seller.
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