Contract Perfection Date Clarification

Summary

A contract is perfected when the acceptance is delivered to the offeror, not necessarily when the offeror reads it. In this scenario, the contract was perfected on September 4, when the acceptance was delivered to Ivory. Understanding the timing of contract perfection is crucial in real estate transactions, as it determines when the parties are legally bound. If you have further questions about contract law, consider consulting a local attorney for personalized advice.