Contracts
When a Wisconsin seller accepts an offer but communicates the acceptance after the offer's deadline, the result is:
AA binding contract because the seller accepted
BNot a binding contract — the acceptance was untimely and creates no contract✓ Correct
CA contract subject to buyer ratification only
DAutomatically extended by 24 hours
Explanation
An offer that is not accepted before its stated deadline expires; a late acceptance is legally a new offer (counter-offer) by the seller, not a binding acceptance of the original offer.
Related Wisconsin Contracts Questions
- A Wisconsin seller receives two offers simultaneously. The seller may:
- A Wisconsin buyer who wants to purchase an investment property with multiple units would use which WB form?
- A Wisconsin WB-11 offer is contingent on the sale of the buyer's current home. If the seller receives a better offer, the seller may issue a:
- The Wisconsin WB-11 Residential Offer to Purchase becomes a binding contract when:
- In Wisconsin, the closing date in a WB-11 Offer to Purchase is:
- Rescission of a Wisconsin real estate contract means:
- Under Wisconsin law, when a seller accepts a buyer's offer, the seller must deliver a signed copy to the buyer within:
- In Wisconsin, the seller's property disclosure requirement for residential property is governed by:
Practice More Wisconsin Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wisconsin Quiz →