<p>A brief summary of my situation: I've been given an offer to study in the UK, but it's conditional on my obtaining 5's on my APs. So, I am going to accept an offer from a school in the US for a fallback. I was wondering, if I do meet my offer, what would be the proper procedure to inform the US school that I won't be attending. Of course I understand that I will lose the deposit, but what should I actually do? By accepting an offer from a college, am I entering a legally binding contract? If so, what would be the point of the deposit in the first place?</p>
<p>Thank you...</p>