Multiple Choice Question: Under these circumstances, is the seller now obligated to sell the property to Betty? Pick the best answer.
A. Yes, because Betty submitted the highest and best offer.
B. Yes, if the seller had used a Seller Counter Offer (SCO), but not if it was a Seller Multiple Counter Offer (SMCO).
C. No, because Betty should have simply accepted the seller’s counter offer, rather than submit a BCO.
D. No, because asking for a buyer’s “highest and best offer” is generally understood to be non-binding on the seller.
Answer:A
Multiple Choice Question: Under these circumstances, is the seller now obligated to sell the property to Betty? Pick the best answer.
A. Yes, because Betty submitted the highest and best offer. B. Yes, if the seller had used a Seller Counter Offer (SCO), but not if it was a Seller Multiple Counter Offer (SMCO). C. No, because Betty should have simply accepted the seller’s counter offer, rather than submit a BCO. D. No, because asking for a buyer’s “highest and best offer” is generally understood to be non-binding on the seller.