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Contract Series Paragraph 25

George Clements ~ Greenville, SC Real Estate 


Paragraph 25 of the Contract For Sale deals with weather an offer is accepted or not and looks something like this: 

25. Communication of Aceptance: The acceptance of this offer or any counteroffer shall be ineffective
unless and until such acceptance is communicated by the accepting party to the offering party by one of
the acceptable methods set forth in paragraph 26 hereinbelow.


This paragraph is also pretty simple.  It just states that an offer cannot be considered accepted until the person that makes the offer gets an acceptance from the person the offer is made to.  The person making the offer could be the seller or the purchaser based on if it were an initial offer or a counter offer.  It then states that the acceptable methods of accepting an offer are in the next paragraph #26. 

Comment balloon 0 commentsGeorge Clements • April 09 2008 01:18PM