Contracts
In Mississippi, an offer to purchase real estate becomes a binding contract when:
AThe buyer signs it and delivers it to the seller
BThe seller accepts all terms without modification and communicates that acceptance to the buyer✓ Correct
CThe earnest money check clears the bank
DBoth parties sign and a notary acknowledges the signatures
Explanation
A contract is formed when the offeree (seller) unconditionally accepts all terms of the offer and communicates that acceptance back to the offeror (buyer). Both communication and acceptance are required.
Related Mississippi Contracts Questions
- A 'net listing' in Mississippi is:
- A Mississippi real estate broker prepares a purchase contract. To avoid unauthorized practice of law, the broker should:
- Which of the following is an example of a 'contingency that benefits the buyer' in a Mississippi purchase contract?
- Under Mississippi law, which doctrine may allow a buyer to enforce an oral real estate contract when they have partially performed (paid purchase price and taken possession)?
- A Mississippi real estate contract is void if it:
- A Mississippi lease contains a 'no pets' clause. The tenant adopts a cat without permission. The landlord discovers the cat and wants to enforce the lease. The landlord's appropriate response is:
- An 'earnest money promissory note' in a Mississippi purchase contract is:
- In Mississippi, a contract signed by a 16-year-old to purchase real property is:
Practice More Mississippi Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Mississippi Quiz →