Contracts
In Maine, a purchase and sale agreement becomes binding when:
AThe buyer submits the offer
BThe seller signs and the buyer is notified of acceptance✓ Correct
CThe earnest money check clears
DThe home inspection is complete
Explanation
A contract is formed when there is offer, acceptance, and communication of that acceptance to the offeror. In Maine real estate, the contract is binding when the buyer is notified that the seller has accepted.
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