Contracts
A North Dakota seller accepts a buyer's offer and then receives a higher offer. Can the seller accept the second offer?
AYes, because offers can always be revoked
BNo, once an offer is properly accepted, a binding contract exists and the seller cannot accept another offer✓ Correct
CYes, if the higher offer is at least 5% more
DYes, as long as the first buyer has not signed the contract
Explanation
Once an offer is properly accepted and the acceptance is communicated to the offeror, a binding contract is formed. The seller cannot then accept a second offer without breaching the first contract. The seller would be liable for breach of contract.
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