Contracts
An Oregon buyer makes a written offer to purchase a property. Before the seller accepts, the buyer changes their mind. The buyer may:
ANot withdraw the offer once it is submitted in writing
BWithdraw the offer at any time before acceptance is communicated to the buyer✓ Correct
CWithdraw the offer only if the seller has not yet seen it
DWithdraw the offer only with a 24-hour notice to the seller
Explanation
An offer may be revoked by the offeror at any time before acceptance is communicated back to them. Once acceptance is properly communicated to the buyer, a binding contract is formed and the buyer can no longer withdraw without breaching the contract.
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