Contracts
A South Dakota buyer makes an offer on a property. Before the seller responds, the buyer sends a written revocation. The contract:
AIs binding because the offer was in writing
BIs not formed because the offer was revoked before acceptance✓ Correct
CBecomes binding 24 hours after revocation
DCan be enforced by the listing agent
Explanation
An offer may be revoked at any time before acceptance, even if it states it will remain open for a period. Until the seller accepts, no contract exists.
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