Contracts
A NH seller accepts a buyer's offer with a purchase price of $375,000. The seller then receives a better offer for $390,000. The seller may:
AAccept the second offer, as the higher price is in the seller's best interest
BNot accept the second offer without breaching the first accepted contract
CAsk the first buyer to release the contract before accepting the second offer
DBoth B and C are correct✓ Correct
Explanation
Once the seller has accepted the first offer and communicated that acceptance, a binding contract exists. The seller cannot simply walk away to accept a better offer without breaching the first contract. The seller's options are to honor the first contract or seek a mutual release before accepting another offer.
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