Buyer makes a written bonafide offer to purchase, and seller signs the acceptance. A contract is first created:
a. when buyer receives proper communication of seller's acceptance
b. immediately upon seller's acceptance
c. when the buyer and seller sign escrow instructions
d. when the broker presents the offer to the seller
Answer: a. when buyer receives proper communication of seller's acceptance
Business
You might also like to view...
While managing requires inspiring people to attain the vision; leadership goes beyond this by creating the vision.
a. true b. false
Business
What is the probability that no machine is being fixed?
In a factory, machines breakdown at an average of 6 machines per hour according to a Poisson distribution. The time a repair person takes to repair the machine is not defined by any probability distribution, but has a mean of 8 minutes and a standard deviation of 3 minutes.
Business