Contracts
A seller who accepts a backup offer while already under contract with a buyer should:
ACancel the first contract immediately
BAccept the backup offer on the condition that it only becomes effective if the first contract falls through✓ Correct
CIgnore the backup offer until the first contract closes
DPresent the backup offer to the first buyer to create competition
Explanation
A backup offer is a second offer accepted on the contingency that the first contract fails. The seller remains bound to the first contract; the backup offer only activates if the first deal falls through.
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