Contracts
A Pennsylvania seller who accepts a buyer's offer but fails to sign the contract is:
ABound by the acceptance if it was communicated verbally
BNot bound since real estate contracts must be in writing and signed to be enforceable✓ Correct
CBound if the buyer paid earnest money
DBound if the broker confirmed acceptance to the buyer
Explanation
Under Pennsylvania's Statute of Frauds, real estate contracts must be in writing and signed to be enforceable. Verbal acceptance, no matter how definitive, does not create a binding real estate contract. Even if earnest money was submitted, without a written signed contract there is no enforceable sale agreement.
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