Contracts
In Louisiana, when a seller accepts multiple offers, the seller should:
AKeep all contracts and sell to the highest bidder
BAccept one offer and reject or counter the others — having multiple binding contracts on the same property simultaneously creates serious legal and ethical problems✓ Correct
CRequire all buyers to bid again in an auction
DConsult the LREC before accepting any offer
Explanation
A seller should accept only one offer at a time. Accepting multiple offers creates multiple binding contracts for the sale of a single property — an impossible performance situation that exposes the seller to multiple breach of contract claims and significant legal liability.
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