Contracts
A Washington purchase and sale agreement is signed by the buyer but not yet by the seller. What is the legal status of the document?
AIt is a fully executed contract binding on the buyer
BIt is an offer from the buyer that is not yet a contract✓ Correct
CIt is a contract binding on both parties when the buyer signs
DIt is unenforceable because both signatures are required simultaneously
Explanation
A contract requires mutual assent — offer and acceptance. When the buyer signs but the seller has not yet signed, the document is merely an offer from the buyer.
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