Contracts
A West Virginia buyer includes an escalation clause in their offer. This means the buyer will:
AAutomatically pay any price the seller demands
BIncrease their offer by a set increment above competing offers up to a maximum price✓ Correct
CEscalate their request for repairs if the inspection reveals issues
DPay a higher price in a slower market
Explanation
An escalation clause automatically increases the buyer's offer by a specified increment above a competing offer up to a maximum cap price. It is used in competitive markets to improve the buyer's chances without immediately offering the maximum.
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