Contracts
If a buyer in Kansas fails to close on a property without a valid reason, the seller may:
AOnly relist the property
BRetain the earnest money as liquidated damages or sue for specific performance✓ Correct
CBe forced to return the earnest money
DReduce the list price and reoffer
Explanation
If a buyer defaults, the seller may retain the earnest money as liquidated damages if provided in the contract, or may pursue specific performance to compel the sale.
Related Kansas Contracts Questions
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