Contracts
In Pennsylvania, when a buyer makes an offer using the standard PAR Agreement of Sale, the offer becomes a binding contract when:
AThe buyer signs the offer
BThe seller signs and the acceptance is communicated to the buyer✓ Correct
CThe earnest money check clears the bank
DThe broker signs as a witness
Explanation
A binding contract is formed when the seller accepts the offer and that acceptance is communicated to the buyer (or buyer's agent). In Pennsylvania contract law, acceptance is effective upon communication, not merely upon signing. Earnest money deposit and broker signature are not required for contract formation.
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