Contracts
If a Vermont seller accepts a buyer's offer and later discovers a better offer, the seller:
AMay accept the better offer and refund the earnest money
BIs bound by the first accepted contract and cannot accept the second offer✓ Correct
CCan accept the second offer if it is more than 10% higher
DMay back out if the closing has not yet occurred
Explanation
Once a seller accepts an offer and communicates that acceptance to the buyer, a binding contract exists. The seller cannot simply accept a better offer without breaching the contract.
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