Contracts
In Virginia, a real estate sales contract becomes binding when:
AThe buyer submits the offer
BThe seller signs the offer
CThe acceptance is communicated to the offeror✓ Correct
DThe earnest money is deposited
Explanation
A contract is formed in Virginia when the seller's acceptance is communicated back to the buyer (offeror). Mere signing by the seller is not sufficient — communication of acceptance is required.
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