Contracts
A seller accepts a buyer's offer on a home. Before escrow closes, the seller receives a significantly higher offer. The seller may:
AAccept the higher offer immediately since escrow has not closed
BCancel the accepted contract unilaterally at any time
CNot legally accept the new offer without breaching the existing contract✓ Correct
DAccept the new offer if the original buyer does not match it within 24 hours
Explanation
Once an offer is properly accepted, a binding contract exists. The seller cannot unilaterally cancel without the buyer's consent. Accepting a competing offer would constitute a breach of contract, exposing the seller to legal liability.
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