Contracts
In Maine, a buyer's offer to purchase that includes an escalation clause automatically increases the offer up to a maximum price if:
AThe property doesn't sell within 30 days
BA competing bona fide offer is received by the seller✓ Correct
CThe seller requests a higher price
DThe market value increases after the offer
Explanation
An escalation clause automatically increases the buyer's offer by a set increment above any competing bona fide offer, up to a specified maximum price. It is used in competitive multiple-offer situations.
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