Which statement about offers to purchase in Indiana is true?

The requirement for offers to purchase in Indiana to be in writing and include an expiration date is rooted in the principles of contract law. Written offers provide a clear record of the terms agreed upon by the parties involved, which is essential for enforceability and can help avoid disputes over what was agreed. This clarity is particularly important in real estate transactions, where the stakes are often high, and ambiguity can lead to significant misunderstandings or legal challenges.

Having an expiration date attached to an offer is also vital because it establishes a timeframe in which the seller must consider the offer. This provision protects both parties by ensuring that the offer does not remain open indefinitely and allows the seller to respond in a timely manner.

In contrast, offers that are made orally lack the same level of accountability; they can lead to confusion about the terms agreed upon and may not be enforceable if a dispute arises. Additionally, while an offer could technically be made without a date, it would be imprudent and could lead to uncertainty about how long the seller has to respond. Lastly, all offers must be presented to the seller as a matter of ethical practice and legality, ensuring that the seller has the opportunity to accept or reject the offer. Therefore, the attribution of the written form and expiration date