Contracts
A Nevada buyer signs an offer to purchase and the seller signs an acceptance. Before the buyer is notified of the acceptance, the buyer calls to revoke the offer. The result is:
AThe contract is fully formed because the seller already signed
BThe revocation is effective and no contract was formed✓ Correct
CThe contract is voidable at the seller's option
DNRED must determine which party prevails
Explanation
An offer may be revoked any time before acceptance is communicated to the offeror. If the buyer revoked before being notified of the seller's acceptance, no binding contract was formed.
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