Contracts
In South Dakota, a buyer who makes an offer on a property and then revokes it before the seller accepts has:
ABreached the contract and forfeited their earnest money
BProperly exercised the right to revoke an offer any time before acceptance✓ Correct
CCommitted fraud against the seller
DCreated a binding contract upon making the offer
Explanation
An offer can be revoked by the offeror at any time before the offeree communicates acceptance. Until the seller accepts and communicates that acceptance to the buyer, no contract exists and the buyer may revoke the offer without penalty.
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