Wednesday, September 14, 2016

Real Estate Sales Contract Illinois

     A contract is not “accepted” until an offer is made by one party and accepted by the other party.  If an offer is made and the other party makes a change to the offer rather than just accepting it as the offer was made, then the second party has made a counter-offer (the mirror image rule) and now the original offer or must accept the counter-offer to have a contract.  The parties must also communicate that there has been an acceptance.

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