| Article number: | 9-014 |
This pamphlet focuses on "offer" and "acceptance," the process by which buyer and seller create a legal binding contract. This process typically begins when a prospective buyer makes an offer. Then the seller either accepts it, rejects it, or makes a counter offer.
The the buyer has the same options (accept, reject or make a counter offer). When one party accepts the other party's offer or counter offer, a purchase contract is created.
