Contracts
A seller accepts an offer and then receives a higher offer the next day. The seller wishes to accept the new offer instead. The seller may:
AAccept the higher offer because it is in the seller's financial interest
BAccept the higher offer if they notify the first buyer within 24 hours
CNot accept the higher offer without breaching the first contract✓ Correct
DAccept the higher offer if the first buyer's financing is not yet approved
Explanation
Once a seller accepts an offer and a binding purchase contract is formed, the seller cannot accept a competing offer without breaching the first contract. The seller could use a backup offer clause to keep the second offer contingent on the first falling through, but accepting both creates contractual conflicts.
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