Contracts
Under the NC Offer to Purchase, the seller's failure to respond to an offer by the agreed-upon deadline results in:
AAutomatic acceptance of the offer
BThe offer remaining open for another 24 hours
CThe offer expiring without a contract being formed✓ Correct
DThe buyer being obligated to purchase regardless
Explanation
An offer requires acceptance within the stated time period. If the seller does not respond by the offer expiration date and time, the offer lapses — no contract is formed, and the buyer's deposit must be returned.
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