Contracts
If a buyer defaults on a Massachusetts P&S, the seller's typical remedy is:
ASue for damages in excess of the deposit
BRetain the deposit as liquidated damages as specified in the P&S✓ Correct
CImmediately relist the property without recourse
DSeek punitive damages in Superior Court
Explanation
Most Massachusetts P&S agreements contain a liquidated damages clause specifying that if the buyer defaults, the seller retains the deposit as the agreed remedy, unless the parties specifically negotiate other remedies.
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