Contracts
When a Michigan seller receives multiple offers simultaneously, they may:
AOnly respond to the highest-priced offer
BAccept one offer, counter one or more offers, or decline all offers✓ Correct
CCounter all offers simultaneously with identical terms
DDisclose each buyer's offer terms to the other buyers
Explanation
A seller who receives multiple offers can accept one offer, reject all offers, or issue counteroffers to multiple parties simultaneously. However, counteroffers to multiple buyers create risk of multiple acceptances, so the seller should proceed carefully.
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