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  2. 72-hour clause - Wikipedia

    en.wikipedia.org/wiki/72-hour_clause

    The 72-hour clause is a seller contingency which allows the seller to accept a buyer's contingent offer to purchase his/her property, while allowing the seller to continue to market the property. The 72 hour clause is usually written into sales contracts by the seller, this allows a seller to keep the home on the market and accept backup offers ...

  3. Can you back out of a house offer once it’s been accepted?

    www.aol.com/finance/back-house-offer-once...

    A financing contingency might need to be met within 30 days to get final loan approval. If you’re not sure about something or you need more time to complete a contingent task, ask your real ...

  4. The Guide to Making a Contingent Offer on a House - AOL

    www.aol.com/news/guide-making-contingent-offer...

    What Is a Contingent Offer? A contingent offer on a home includes a clause that protects the buyer and makes it easier to back out of the deal without financial penalty in certain circumstances.

  5. Real estate contract - Wikipedia

    en.wikipedia.org/wiki/Real_estate_contract

    As may be the case with other contracts, real estate contracts may be formed by one party making an offer and another party accepting the offer. To be enforceable, the offers and acceptances must be in writing (Statute of Frauds, Common Law)and signed by the parties agreeing to the contract. Often, the party making the offer prepares a written ...

  6. Firm offer - Wikipedia

    en.wikipedia.org/wiki/Firm_offer

    A firm offer is an offer that will remain open for a certain period or until a certain time or occurrence of a certain event, during which it is incapable of being revoked. [1] As a general rule, all offers are revocable at any time prior to acceptance, even those offers that purport to be irrevocable on their face.

  7. Posting rule - Wikipedia

    en.wikipedia.org/wiki/Posting_rule

    Day 2: A decides to revoke the offer and puts a letter in the mail to B revoking the offer. Day 3: B puts a letter accepting the offer in the mail. Day 4: B receives A's revocation letter. The letter of revocation can be effective only when received, that is Day 4. However, a contract was formed on Day 3 when the letter of acceptance was posted.

  8. Don't Accept An Offer Without Asking These Questions - AOL

    www.aol.com/news/2013-05-22-questions-ask-before...

    Job seekers who have been looking for new opportunities for months, or even years, are unlikely to spend a lot of time and effort evaluating a new offer before signing on the dotted line. If you ...

  9. Option contract - Wikipedia

    en.wikipedia.org/wiki/Option_contract

    An option contract is a type of contract that protects an offeree from an offeror's ability to revoke their offer to engage in a contract. Under the common law, consideration for the option contract is required as it is still a form of contract, cf. Restatement (Second) of Contracts § 87(1).

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