Contracts
A Colorado seller accepts an offer at 2:00 PM. At 3:00 PM, a better offer arrives. The seller:
AMay accept the better offer since they haven't notified the first buyer
BIs bound by the first contract if acceptance was properly communicated to the first buyer✓ Correct
CMay accept both offers and let the buyers decide
DMust submit both offers to a court for determination
Explanation
Once the seller has accepted the first offer and communicated that acceptance to the buyer (creating a binding contract), the seller is legally bound by the contract. Accepting a second offer would constitute a breach of contract.
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