Contracts
In Missouri, a real estate purchase contract becomes binding when:
AThe buyer signs the offer
BThe seller signs the offer without any changes and the buyer is notified of acceptance✓ Correct
CThe earnest money is deposited
DBoth parties sign in front of a notary
Explanation
Under Missouri contract law, a binding contract is formed when the seller accepts the offer without modification AND the buyer receives notice of that acceptance — meeting offer, acceptance, and communication requirements.
Related Missouri Contracts Questions
- A Missouri buyer's offer includes an acceptance deadline. If the seller does not respond by that time:
- A counteroffer in Missouri:
- A Missouri buyer defaults on a purchase contract after earnest money is deposited. If the contract specifies liquidated damages:
- A Missouri listing agreement is typically terminated by all of the following EXCEPT:
- In Missouri, a rider (addendum) to a purchase contract must be:
- In Missouri, 'novation' in a real estate contract context means:
- An escalation clause in a Missouri purchase offer allows the buyer's offer price to:
- In Missouri, an option contract gives the buyer:
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