Contracts
When is a South Carolina real estate contract considered 'ratified'?
AWhen the buyer signs the initial offer
BWhen all parties have signed and all contingencies are removed✓ Correct
CWhen the closing attorney reviews the contract
DWhen the earnest money is deposited
Explanation
A contract is ratified when all parties have agreed to its terms (offer and acceptance). In common usage, 'ratified' means all parties have signed, though technically it means mutual agreement.
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