Question

Prospective buyers made an offer on a property. The seller did NOT accept, but made a counteroffer. The prospective buyers signed the counteroffer and the real estate agent delivered their acceptance to the seller. In the interim, the same buyers found another house that they liked better and made an offer on it, which was accepted. Which of the following is TRUE?

Answer 1

Both contracts are valid.

Explanation:

' Prospective buyer ' means any person or persons who seeks to purchase or acquire shares of a prospective selling owner, including the business or any unit of the company or any of the Stockholder's.

A prospective buyer list relates to a list created by investment bankers or corporate brokers when the owner of a company has involved the management of the company's sales process.

After the prospective customer list is finished, it is usually described and reviewed with the consumer so that potential buyers can be positioned correctly and whether any buyers should be included or excluded.