Contracts
A North Dakota property owner offers to sell their property by posting a sign in the yard with the price. Under contract law, this sign is considered:
AA binding offer that the first buyer can accept
BAn invitation to the public to make offers (an invitation to negotiate), not a binding offer✓ Correct
CA valid and irrevocable offer for 30 days
DA contingent offer subject to appraisal
Explanation
A for-sale sign or advertisement is generally considered an invitation to negotiate (invitation for offers), not a binding legal offer. The owner does not intend to be immediately bound by the first person who 'accepts' the listed price.
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