Contracts
A North Dakota seller accepts an offer on Monday. Before the buyer receives notice of acceptance on Tuesday, the seller receives a better offer. The seller can:
AAccept the second offer because the first buyer hasn't been notified
BNot accept the second offer; under the 'mailbox rule,' acceptance is effective when sent if the original offer authorized mail/communication✓ Correct
CAccept both offers to create competition
DWait until the first buyer's agent calls to decide
Explanation
Under the mailbox rule (effective delivery rule), acceptance is effective when properly dispatched (sent), not when received, if the offer authorized that form of communication. Once a valid acceptance is sent, a binding contract exists and the seller cannot accept another offer.
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