Contracts
A NC real estate contract becomes 'binding' when:
ABoth parties have signed and the acceptance has been communicated to the offeror✓ Correct
BThe earnest money is deposited
CThe due diligence period begins
DThe lender approves the buyer's financing
Explanation
A contract becomes binding when both parties have signed and acceptance has been properly communicated to the original offeror — creating mutual assent.
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