An offer to purchase real property was signed by a prospective buyer on November 12 and submitted to the seller. The terms of the offer allow five days for acceptance by the seller. Due to a medical emergency in the seller's family, the seller did not accept the offer until November 20. Which of the following statements is true?
a. The buyer may demand a return of their deposit.
b. The buyer is required to continue with the purchase since they did not withdraw their offer prior to acceptance.
c. The buyer is in breach of the contract if they refuse to continue with the purchase.
d. If the buyer does not complete the purchase as agreed, the seller and the broker are each entitled to one-half of the deposit.
Answer: a. The buyer may demand a return of their deposit.
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