Contracts
Under Washington law, a real estate purchase and sale agreement is considered 'fully executed' when:
AThe buyer signs the offer
BThe seller counters with a change in terms
CAll parties have signed and acceptance has been communicated to the offeror✓ Correct
DThe earnest money is deposited
Explanation
A contract is fully executed (binding) when all parties have signed all counterparts and acceptance has been communicated to the offeror (or their agent). Signing alone without communication of acceptance does not create a binding contract.
Related Washington Contracts Questions
- Under Washington law, a real estate sales contract where the buyer makes payments directly to the seller over time, and the seller retains legal title until the contract is paid off, is called:
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- In Washington, a 'backup offer' accepted by the seller while the primary offer is pending:
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