Contracts (alternative)
A Maryland seller refuses to close after all contingencies have been removed and the buyer is ready to proceed. The buyer's best remedy is likely:
ARecovering only the earnest money
BSpecific performance — a court order compelling the seller to convey title as agreed✓ Correct
CFiling a complaint with MREC only
DWalking away with no recourse
Explanation
When a seller wrongfully refuses to close after all contingencies are satisfied, the buyer may seek specific performance — a court order requiring the seller to complete the sale — since each property is unique.
Related Maryland Contracts (alternative) Questions
- A Maryland buyer presents a full-price, cash offer with no contingencies. The seller is legally required to:
- A Maryland real estate contract that requires one party to perform a specific act (convey title, pay the purchase price) may be enforced through:
- Under Maryland law, which of the following makes a real estate contract void (not voidable)?
- A Maryland buyer who defaults on a real estate contract without legal justification may lose their:
- A Maryland purchase agreement includes an 'as-is' clause. This means the buyer:
- In Maryland, liquidated damages in a real estate contract represent:
- A Maryland real estate contract provision that says the buyer's obligation is contingent on obtaining financing at no more than 6% interest is a:
- Rescission of a Maryland real estate contract means:
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