Contracts
In Rhode Island, a buyer's offer becomes a binding contract when:
AThe buyer signs and delivers the offer
BThe seller signs the offer
CThe seller's acceptance is communicated to the buyer or buyer's agent✓ Correct
DThe earnest money deposit clears the bank
Explanation
A binding contract is formed in Rhode Island when the seller's acceptance is communicated back to the buyer or buyer's agent. Mere signing without communication does not create a binding agreement.
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