Contracts
In South Carolina, an offer becomes a binding contract when:
AThe buyer signs the offer
BThe seller receives the offer
CThe seller accepts and the buyer is notified of acceptance✓ Correct
DThe earnest money check clears
Explanation
A contract is formed when the offeree (seller) accepts the offer and communicates that acceptance to the offeror (buyer). Notification of acceptance creates the binding contract.
Related South Carolina Contracts Questions
- In South Carolina, what is a 'backup offer' in real estate?
- In South Carolina, 'accord and satisfaction' in the context of a real estate contract means:
- In South Carolina, which phrase in a deed indicates a transfer of title from seller to buyer?
- Under South Carolina's Statute of Frauds, which of the following DOES NOT need to be in writing to be enforceable?
- A South Carolina residential lease requires a 30-day notice to terminate a month-to-month tenancy. If the tenant gives notice on the 15th, the termination is effective:
- In South Carolina, which of the following is a valid reason for 'mutual rescission' of a real estate contract?
- In South Carolina, what is 'exculpatory language' in a real estate contract?
- In South Carolina, a contract clause stating 'time is of the essence' regarding the closing date means:
Practice More South Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Carolina Quiz →