Contracts
Under Wisconsin law, earnest money on a residential offer to purchase must be deposited into a trust account within:
A24 hours of receipt
B2 business days of acceptance✓ Correct
C5 business days of acceptance
DThe same day as closing
Explanation
Wisconsin requires earnest money to be deposited into a trust (escrow) account within 2 business days of offer acceptance.
Related Wisconsin Contracts Questions
- Under Wisconsin law, when a purchase offer is accepted, the parties have formed a:
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