Contracts
When a Vermont seller accepts a buyer's offer on a Sunday evening by email, the contract becomes binding when:
AThe seller signs the acceptance
BThe buyer receives notice of the seller's acceptance (per the 'mailbox rule' modified for electronic communication)✓ Correct
CThe next business day when banks are open
DThe deed is signed
Explanation
Under Vermont contract law (consistent with UETA and general contract principles), an electronic acceptance is effective when sent by the offeree. However, many Vermont purchase contracts specify that acceptance is effective upon receipt by the buyer. Agents should check the specific offer's terms regarding when acceptance takes effect.
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