Contracts
A South Carolina buyer's offer to purchase a property is a(n):
ABilateral contract that binds both parties immediately
BUnilateral contract that only binds the seller if accepted
CExecuted contract
DUnilateral contract that binds the buyer but not the seller until accepted✓ Correct
Explanation
A buyer's offer is a unilateral contract—the buyer is bound by its terms and cannot revoke without penalty, but the seller is not bound until acceptance. Upon acceptance, it becomes a bilateral (executory) contract.
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