Contracts
In Maine, a buyer who breaches a purchase and sale agreement by failing to close without justification is subject to:
ANo legal consequences since the seller can just relist
BForfeiture of the earnest money and potentially a lawsuit for specific performance or damages✓ Correct
COnly a letter of demand from the seller's attorney
DReturn of the earnest money by law
Explanation
A buyer who breaches a purchase contract may forfeit the earnest money and could be sued by the seller for specific performance (to compel closing) or for actual damages suffered.
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