Contracts
A Maryland buyer makes an offer but dies before the seller accepts. The offer is:
AStill valid — the buyer's estate must honor it
BTerminated because a contract requires competent, living parties✓ Correct
CAutomatically accepted if the seller signs within 24 hours
DTransferred to the buyer's heirs
Explanation
Death of the offeror before acceptance terminates an offer because one of the essential elements — competent parties — no longer exists.
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