Contracts
An Arizona 'escalation clause' in a purchase offer allows the buyer to:
AAutomatically increase their offer above competing offers up to a specified maximum amount✓ Correct
BIncrease their offer based on CPI inflation
CEscalate to a binding contract without seller acceptance
DIncrease the earnest money deposit over time
Explanation
An escalation clause offers a price that automatically increases above any competing offer by a set increment, up to a stated maximum price. It is used in competitive markets to win a bidding war while avoiding overpaying unnecessarily.
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