Contracts
When does a Virginia buyer's offer become a binding contract?
AWhen the buyer signs the offer
BWhen the seller signs the offer as written (without changes) and the buyer is notified✓ Correct
CWhen the earnest money is deposited
DWhen both parties meet at the closing table
Explanation
A binding contract is formed when the seller accepts the offer as written, signs it, and the buyer (or buyer's agent) is notified of the acceptance — creating a meeting of the minds.
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