Question 1 & Explain Answer Please

A broker has listed a property for $225,000. An offer of $210,000 contingent upon inspection comes in the first week and the seller accepts it. Another offer of $205,000 comes in the second week, The seller accepts it as a secondary offer contingent upon the termination of the first offer. The first offeror demands the seller spend $5,000 in repairs before going through with the purchase. The seller may do all of the following EXCEPT

A - agree to do the needed repairs and consummate the transaction with the first offeror. B - ignore the demand and sell the property to the second offeror C - terminate the first agreement in writing and sell to the second offeror. D - refuse to do the repairs and still proceed with the sale in as is condition.

Question 2

A buyer is purchasing a bank-owned property. The broker explains the type of deed she will be receiving only promises that the bank has the right to sell the property and that they have not encumbered it. What type of deed will the buyer most likely receive?

A - special warranty B - general warranty C - trustee's deed D - deed in lieu