Contracts
What happens to an offer if the offeror dies before acceptance?
AThe offer transfers to the estate
BThe offer is revoked automatically upon death of the offeror✓ Correct
CThe offer remains valid for the original time period
DThe offeree must accept within 24 hours
Explanation
Death (or incapacity) of the offeror automatically terminates an offer before acceptance, as there is no longer a competent party to form a contract. Unlike a contract, an offer does not become part of the estate.
Related Ohio Contracts Questions
- In Ohio, a real estate purchase contract becomes binding when:
- Which of the following listing agreements gives the seller the RIGHT to sell the property themselves without paying a commission?
- An Ohio buyer submits an offer that is contingent on the property appraising at or above the purchase price. If the appraisal comes in lower, the buyer may:
- What is a counterproposal (counteroffer) in a real estate transaction?
- What is the difference between a warranty deed and a grant deed?
- What is the significance of the phrase 'time is of the essence' in real estate contracts?
- What is an option contract in real estate?
- In Ohio, a 'release deed' (deed of reconveyance) is used to:
Practice More Ohio Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Ohio Quiz →