Contracts
In NJ, a properly executed contract of sale that is signed but not delivered to the other party is:
AFully binding immediately upon signing
BNot yet effective—delivery and acceptance are required to complete contract formation✓ Correct
CBinding after 24 hours
DValid only if notarized
Explanation
For a deed or contract to be effective, it must be delivered by the grantor/offeror and accepted by the grantee/offeree. Signing alone without delivery does not complete the contract formation process.
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