Contracts
An Arizona seller receives two offers simultaneously. What is the seller's obligation?
AThe seller must accept the highest offer
BThe seller has no obligation to accept any offer but must deal with both offers honestly and in good faith✓ Correct
CThe seller must present both offers to the listing agent and pick based on price
DThe seller must give both buyers 24 hours to improve their offers
Explanation
A seller has no legal obligation to accept any offer, even the highest one. However, the seller must deal with all offers honestly and cannot discriminate based on protected class characteristics.
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