Contracts
In Minnesota, which of the following constitutes 'acceptance' in a real estate contract context?
AThe seller reviewing the offer
BThe seller signing the offer without changes and the buyer being notified within the specified time✓ Correct
CThe listing agent presenting the offer to the seller
DThe buyer obtaining a mortgage pre-approval letter
Explanation
Acceptance in Minnesota requires: (1) the offeree (seller) agrees to all terms without change, (2) signs the agreement, and (3) the acceptance is communicated to the offeror (buyer) before the offer expires. All three elements must occur for a binding contract to be formed.
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