Contracts
When does a Missouri real estate purchase contract become fully enforceable?
AWhen the buyer signs
BWhen both parties have signed and communicated acceptance✓ Correct
CWhen the earnest money is deposited
DWhen the title company receives the contract
Explanation
A contract becomes binding when all parties have signed and acceptance has been communicated to the offeror. Without communication of acceptance, no enforceable contract exists.
Related Missouri Contracts Questions
- In Missouri, an executed contract is one that has been:
- In Missouri, a contract for the sale of real estate that is signed by only one of two required sellers is:
- In Missouri, a lease that is for a fixed term and ends without notice is a:
- A bilateral contract in Missouri real estate is one in which:
- In Missouri, an addendum to a purchase contract:
- An earnest money deposit in Missouri is held by the:
- In Missouri, a purchase contract's appraisal contingency protects the buyer by:
- The Missouri seller's disclosure statement must be provided to the buyer:
Practice More Missouri Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Missouri Quiz →