Contracts
An Oregon purchase and sale agreement is deemed accepted when:
AThe seller signs the counteroffer
BAcceptance is communicated to the offeror✓ Correct
CThe buyer deposits earnest money
DThe seller's attorney approves the contract
Explanation
In contract law, a contract is formed (and acceptance is complete) when acceptance is communicated to the offeror. Merely signing is not enough — the acceptance must be conveyed to the person who made the offer.
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