Contracts
An Iowa seller receives two offers at the same time. The seller is permitted to:
AAccept only the first offer received
BCounter both offers with the condition that they may accept only one✓ Correct
CAccept both offers and negotiate later
DThe law requires the seller to take the highest offer
Explanation
A seller may counter both offers simultaneously with a stipulation that only one acceptance will be honored. The seller cannot accept two binding offers simultaneously, but may negotiate with both buyers.
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