imputed notice


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imputed notice

The concept that notice to one person will be considered notice to another in a special relationship to the first person.For example,notice to an attorney is the same as notice to the attorney's client.In circumstances allowing oral contracts (usually not the case with real estate),if a seller makes an offer and a buyer accepts that offer via a communication to the seller's agent,then the acceptance makes a binding contract as of that moment.The seller cannot withdraw the offer before actually learning of the acceptance,because the contract has already been formed when the agent received the notice.