Contracts
An offer to purchase real estate in Mississippi becomes a binding contract when:
AThe buyer signs the offer
BThe earnest money is deposited
CThe seller accepts and communicates acceptance to the buyer✓ Correct
DThe title company receives the contract
Explanation
A contract is formed when the offeree (seller) accepts the offer and that acceptance is communicated back to the offeror (buyer). Mere acceptance without communication does not create a binding contract.
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