Contracts
A Florida seller received three offers simultaneously. The seller signed all three, all with the same closing date. This situation results in:
AAll three contracts being valid and equally enforceable
BPotential breach of contract as the seller can only convey to one buyer✓ Correct
CThe highest-priced contract being automatically binding
DFREC selecting which contract is valid
Explanation
If a seller signs multiple purchase contracts for the same property, they can only close with one buyer, creating a breach of contract with the other buyers. The seller would be liable for damages to the buyers they cannot perform for.
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