Contracts
A Wyoming buyer submits a written offer to the seller. The seller verbally accepts. Is there a binding contract?
AYes, verbal acceptance of a written offer creates a binding contract
BNo, under Wyoming's Statute of Frauds, acceptance of a real estate contract must be in writing✓ Correct
CYes, provided the earnest money is deposited
DNo, only if both parties sign a separate acceptance form
Explanation
Under Wyoming's Statute of Frauds, a contract for the sale of real estate must be in writing and signed by the parties to be enforceable. Verbal acceptance of a written offer generally does not create a legally enforceable real estate contract in Wyoming.
Related Wyoming Contracts Questions
- Under Wyoming contract law, which element is NOT required for a valid real estate purchase contract?
- A Wyoming contract that was signed under duress is:
- In Wyoming, which of the following would render a real estate contract void?
- A Wyoming purchase agreement requires 'good title' at closing. 'Good title' (marketable title) means:
- For a Wyoming real estate contract to be enforceable, it must satisfy which essential element?
- A Wyoming seller signs a listing agreement with Broker A on January 1 with a 90-day term. On March 15, without canceling the listing, the seller also signs a listing agreement with Broker B. The seller has:
- In Wyoming, earnest money is best characterized as:
- A Wyoming seller accepts a buyer's offer that is contingent on the buyer selling their current home within 45 days. If the buyer's home does not sell within 45 days, the buyer may:
Practice More Wyoming Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wyoming Quiz →