Property Ownership
A West Virginia property owner who signs a contract to sell their property but then signs another contract with a different buyer has committed:
AA breach of the first contract only if the second buyer records first
BA breach of the first contract and potentially fraud✓ Correct
CNo breach if the second contract has a higher price
DNo violation since contracts are not binding until closing
Explanation
Once a valid purchase contract is signed, the seller is legally obligated to sell to that buyer. Entering into a second contract for the same property constitutes a breach of the first contract and may constitute fraud.
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