Question

multiple choice question

when a seller is presented a purchase agreement, which of the following is not an option of the seller?

• counter any or all provisions of the contract
• reject the offer as written
• counter the offer and a competing offer at the same time with the understanding \the first one to accept the counter is the winner\
• accept the offer as written

Explanation:

Analyze the seller's options

Using the Offer Presentation Rules knowledge point

When a seller receives a purchase agreement, they generally have three legal options:

1. Accept the offer exactly as written.
2. Reject the offer outright.
3. Counteroffer by changing some terms, which acts as a rejection of the original offer and a new offer to the buyer.

Evaluate the prohibited action

A seller cannot legally issue binding, active counteroffers to multiple buyers simultaneously. Doing so risks entering into multiple binding contracts at the same time if more than one buyer accepts. Therefore, countering an offer and a competing offer simultaneously in this manner is not a valid option.

Answer:

• Counter any or all provisions of the contract
• Reject the offer as written
• Counter the offer AND a competing offer at the same time with the understanding "The first one to accept the counter is the winner" (Correct answer)
• Accept the offer as written