A man put up $10,000 as earnest money on a property for sale. The next day, he needed the money back and attempted to cancel his offer. Which of the following is true?
A) He can get out of the offer because he has a three day right of rescission.
B) The decision would be entirely up to the broker.
C) He can get out of the offer because of the six-day right of rescission.
D) He would have to revoke the offer before the seller accepted it.

Question

Quizplus · Accepted Answer

In order to get his money back and cancel his offer he would have to revoke the offer before the seller accepted it.

A Man Put Up $10,000 as Earnest Money on a Property