Contracts (alternative)
In Maryland, when a buyer terminates a contract within a statutory rescission period (such as for a condo purchase), they are entitled to:
AThe difference between the contract price and current market value
BA full refund of any deposits paid✓ Correct
COnly a credit toward a future purchase
DCompensation from the seller for inconvenience
Explanation
When a Maryland condo buyer exercises their statutory right of rescission within the allowed period, they are entitled to a full refund of all deposits paid.
Related Maryland Contracts (alternative) Questions
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