Contracts
In Louisiana, 'breach of contract' by a buyer who refuses to close without valid cause may result in:
AAutomatic rescission with no damages
BThe seller may sue for specific performance or retain the earnest money as liquidated damages (if so specified in the contract)✓ Correct
CThe buyer receiving the earnest money back
DThe broker losing their commission automatically
Explanation
When a buyer breaches a Louisiana real estate contract without valid cause, the seller may pursue specific performance (forcing the sale), retain the earnest money as liquidated damages (if the contract provides), or sue for actual damages.
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