Contracts
In Indiana, when a buyer defaults on a purchase contract, the seller's remedies may include:
ARetaining the earnest money as liquidated damages
BSuing for specific performance
CSuing for actual damages
DAll of the above depending on the contract terms✓ Correct
Explanation
Depending on contract terms, a seller may retain earnest money as liquidated damages (if the contract provides for it), sue for specific performance (to compel the buyer to complete the purchase), or sue for actual damages.
Related Indiana Contracts Questions
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