Contracts
In Tennessee, a 'backup offer' allows the second buyer to:
AImmediately take possession of the property
BBe notified if the primary contract falls through and have the right to proceed with their offer✓ Correct
CNegotiate directly with the primary buyer
DAutomatically receive the property if the primary buyer defaults
Explanation
A backup offer positions the second buyer to proceed with the purchase if the primary contract is terminated. The backup offer is contingent on the primary contract's failure.
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