Contracts
A NH seller who accepts an offer but then receives a higher offer the next day should:
AImmediately accept the higher offer and return the first buyer's deposit
BHonor the first contract and reject the second offer, or obtain legal advice before proceeding✓ Correct
CAsk the first buyer to match the higher offer
DAsk the second buyer to wait until the first deal falls through
Explanation
Once a valid contract is formed, the seller is legally bound to it. Attempting to cancel it to accept a higher offer would be a breach of contract. The seller should honor the first contract or seek legal counsel.
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