Available Options are:
A. Yes, an offer is put onto a purchase contract form and is legally binding.
B. No, an offer is just an offer until it is accepted by the seller. Once the owner has accepted the offer, the offer-or is legally bound to the contract.
C. It depends. If Tina and James have not received notification of the seller's accepting the offer, they may legally withdraw the offer and not be held liable on the contract. However, if the offer has been accepted, and communication of this offer has been received by the buyer, it is legally binding.
D. None of the Above
Answer:
C. It depends. If Tina and James have not received notification of the seller's accepting the offer, they may legally withdraw the offer and not be held liable on the contract. However, if the offer has been accepted, and communication of this offer has been received by the buyer, it is legally binding.
Step-by-step explanation:
The reason is that if the Tina and James are willing to withdraw the offer by communicating their withdrawing of the offer then they are not obligated to perform the contract. And if the party to the contract has accepted the offer then Tina and James are obligated to perform the contract.
Furthermore, the communication of the acceptance or rejection of the offer is compulsory for the offeree and similarly placing an offer or withdrawing the offer also requires communication. So it also depends upon the communication of the issue.