Contracts
An escalation clause in a Connecticut purchase offer automatically:
AReduces the offer if the property does not appraise
BIncreases the buyer's offer by a set increment above competing offers up to a maximum✓ Correct
CAllows the seller to reject all offers below the list price
DRequires the seller to accept the highest offer
Explanation
An escalation clause allows the buyer to automatically increase their offer by a specified amount above competing bona fide offers, up to a stated maximum price, to improve their chances in a competitive market.
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