A buyer made an offer to purchase the seller's property for $96,000 providing the seller would sign a general warranty deed at closing. The seller agreed to the $96,000 purchase price but agreed to sign a special warranty deed. Has a contractual obligation been created between the buyer and seller?
A. Yes; a definite offer was made by the buyer.
B. Yes; both the buyer and seller agreed to the purchase price of $96,000.
C. No; the buyer's offer was rejected and the seller made a counter offer.
D. No, because a broker was not involved
Answer: C. No; the buyer's offer was rejected and the seller made a counter offer.
Business
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