Contracts
In Colorado, an 'escalation clause' in a purchase offer allows the buyer to:
AIncrease the price in unlimited increments
BAutomatically increase the offered price by a set amount above competing offers up to a maximum price✓ Correct
CAccelerate the closing date if competing offers exist
DRequire the seller to disclose all other offers
Explanation
An escalation clause automatically escalates the buyer's offer by a specified increment above any competing bona fide offer, up to a maximum price. This is used in competitive markets to help buyers win bidding situations without initially offering their maximum.
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