Contracts
In NH, a 'backup offer' on a property that has an accepted offer under contract means:
AThe first accepted offer is automatically canceled
BThe backup buyer is in second position and can step in if the first contract falls through✓ Correct
CThe seller must choose between both offers simultaneously
DBoth offers have equal legal standing
Explanation
A backup offer is accepted subject to the cancellation of the existing contract. The backup buyer is in second position—they can proceed only if the first contract fails. The seller must notify the backup buyer of the first contract's cancellation within the agreed timeframe.
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