Contracts
An escalation clause in a Kansas purchase agreement allows the buyer to:
ABack out of the contract if prices rise
BAutomatically increase their offer above competing offers up to a maximum amount✓ Correct
CRequire the seller to lower the price if appraisal comes in low
DEscalate the closing costs
Explanation
An escalation clause automatically increases the buyer's offer by a set increment above any competing offer, up to a specified maximum, helping buyers win in competitive markets.
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