Contracts
A Utah real estate purchase contract becomes binding when:
AThe buyer submits an offer
BThe seller signs the contract
CAn offer is made, accepted, and communicated back to the offeror✓ Correct
DThe earnest money is deposited
Explanation
A contract is formed when an offer is made and accepted, AND notice of that acceptance is communicated to the offeror. All three steps—offer, acceptance, and communication of acceptance—must occur for a binding contract.
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