Contracts
In Vermont, a 'backup offer' is an offer that:
AReplaces the current accepted offer automatically
BIs accepted conditionally, becoming effective only if the primary contract falls through✓ Correct
CMust be presented to the seller before any other offers
DRequires a higher price than the first offer
Explanation
A backup offer is one that is accepted by the seller in a secondary position — it becomes the primary contract only if the first accepted contract is terminated. Vermont sellers may accept backup offers with proper disclosure to all parties.
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