Final answer:
'M's buyer agent should inform 'M' that he can typically withdraw the offer before it's accepted, provided that the terms of the offer don't state otherwise. They must review the offer's terms and applicable laws. The withdrawal should be clearly communicated to the seller to be legally valid.
Step-by-step explanation:
If 'M' made a purchase offer and wishes to withdraw it one day later, but still within the three-day acceptance period offered to the seller, it's important to understand the general principles of contract law to determine 'M's rights in this situation. Typically, an offer can be revoked before it has been accepted, and it should be communicated to the offeree.
However, if there were any provisions in the offer that made it irrevocable for a certain period or under certain conditions, 'M' might not be able to legally revoke the offer within that period or under those conditions. 'M's buyer agent should inform 'M' that withdrawal of an offer is generally possible before acceptance, but they should also review the specific terms of the offer and any applicable laws to ensure compliance. It's crucial that the revocation is clearly communicated to the seller to be effective.