Contracts
A Vermont buyer's offer specifies that the offer expires at 5:00 PM on Friday. At 4:45 PM Friday, the seller signs the offer and their agent calls the buyer's agent. The agent reaches voicemail. Is a valid contract formed?
AYes, because the seller signed before 5:00 PM
BNo, because acceptance must be communicated to the offeror before the deadline✓ Correct
CYes, because leaving a voicemail counts as valid communication
DNo, because acceptance must always be in writing in Vermont
Explanation
For a valid contract, acceptance must be communicated to the offeror before the offer expires. Signing the offer but not successfully communicating acceptance before the 5:00 PM deadline means no contract was formed.
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