Contracts
Under Minnesota contract law, an offer becomes a binding contract when:
AThe offer is written and signed by the buyer
BThe seller accepts and communicates acceptance to the offeror✓ Correct
CThe earnest money is deposited
DBoth parties sign the purchase agreement
Explanation
A contract is formed when the offeree accepts the offer and communicates that acceptance to the offeror. In Minnesota real estate, this typically occurs when the seller signs and the buyer is notified of acceptance.
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