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There is no doubt a party may condition its acceptance of a contract upon the approval of the 'home office' or a higher level company official, and in the absence of such approval, there is no binding contract. As explained in Iacono v. Toll Brothers, 217 N.J. Super. 475, 478, 526 A.2d 256 (App.Div.1987) (quoting 1 Corbin on Contracts § 61 (2 ed.1963)): One who initiates a transaction or one who solicits offers expressly provides that he will not be bound by a contract until 'approval at the home office' or until the expression of approval by an attorney or engineer, there will be no contract until that approval takes place, unless there are subsequent expressions of agreement to be bound without it. 

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