Contracts (alternative)
A Maryland seller who receives multiple offers simultaneously is:
ARequired by law to accept the highest offer
BRequired to respond to all offers within 24 hours
CFree to accept any offer, counter any offer, or reject all offers✓ Correct
DRequired to disclose all offer prices to each buyer
Explanation
A seller with multiple offers has no legal obligation to accept the highest offer or to respond within any specific time. The seller may freely accept, reject, or counter any offer.
Related Maryland Contracts (alternative) Questions
- In Maryland, earnest money in a real estate contract is typically held by:
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