Contracts
If a seller accepts a buyer's offer and then receives a higher offer before communicating acceptance, the seller may:
AAccept the higher offer since no contract exists yet✓ Correct
BAccept the higher offer by paying the first buyer a penalty
COnly accept the higher offer with IDFPR approval
DNot accept the higher offer since the seller's signature created a binding contract
Explanation
Until acceptance is communicated to the offeror, no binding contract exists. If the seller has signed but not yet communicated acceptance to the buyer, the seller may revoke and accept a different offer.
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