Understanding the Confirmation of Acceptance (3)

Question Three

What is the purpose of the Confirmation of Acceptance (COA)?

Answer:

The purpose of the Confirmation of Acceptance is to set the clock running. It is not part of the contract. It is simply a statement by one of the parties who has knowledge of the actual time of acceptance.

Brian Madigan LL.B., Broker

www.OntarioRealEstateSource.com

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