Contracts
What is an 'escalation clause' in a South Carolina real estate offer?
AA clause allowing the seller to increase the price after acceptance
BA clause automatically increasing the buyer's offer above competing offers up to a maximum✓ Correct
CA clause that adjusts the purchase price for inflation
DA clause allowing the buyer to withdraw if prices rise
Explanation
An escalation clause allows the buyer's offer to automatically increase above a competing bona fide offer by a specified increment, up to a stated maximum price. Used in competitive markets.
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