Contracts
A Vermont 'bump clause' (right of first refusal) is different from a kick-out clause in that it:
AIs the same as a kick-out clause
BGives the first buyer the right to match any subsequent offer before the seller accepts it✓ Correct
CAllows the seller to increase the price after acceptance
DRequires the buyer to waive all contingencies immediately
Explanation
A bump clause or right of first refusal gives the existing buyer the right to match or beat a subsequent offer rather than being automatically terminated. The buyer can remove contingencies to stay in the deal.
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