Contracts
Under Connecticut law, if a buyer fails to close and the purchase contract includes a 'liquidated damages' clause, the seller may:
ASue for the full value of the property
BKeep the earnest money as agreed liquidated damages✓ Correct
CForce the buyer to complete the transaction
DSell the property to anyone without restriction
Explanation
A liquidated damages clause specifies that the seller's remedy upon buyer default is to keep the earnest money deposit. This is a pre-agreed estimate of the seller's damages and limits the seller to that remedy.
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