Contracts
Under Oklahoma law, an offer becomes a binding contract when:
AThe offer is submitted to the seller
BThe offeree's acceptance is communicated to the offeror✓ Correct
CBoth parties have signed separate copies
DThe earnest money check is deposited
Explanation
A binding contract in Oklahoma is formed when the offeree's acceptance is communicated to the offeror. The acceptance must mirror the offer terms exactly (the mirror image rule). Until communicated, no contract exists.
Related Oklahoma Contracts Questions
- In an Oklahoma real estate transaction, the buyer's right of rescission under TILA (Truth in Lending Act) applies to:
- In Oklahoma, a real estate contract that lacks consideration is:
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