Contracts
What is 'offer and acceptance' and how does it create a binding contract in Nevada?
AOffer and acceptance creates a contract only when signed by a notary
BA valid offer plus an unconditional acceptance creates a binding contract — the acceptance must mirror the offer exactly; any changes create a counteroffer, not acceptance✓ Correct
CIn Nevada, verbal acceptance is sufficient for a valid real estate contract
DAn offer expires after 48 hours without acceptance under Nevada law
Explanation
Contract formation requires a valid offer (specific terms, intent to be bound) and an unqualified acceptance (mirror image). In Nevada real estate, the buyer submits an offer; the seller's signature accepting all terms without modification creates a binding contract. Any change — even minor — by the seller constitutes a counteroffer, and the original offer is rejected. Nevada's Statute of Frauds requires real estate contracts to be in writing to be enforceable. Acceptance must be communicated to the offeror.
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