Contracts
A Missouri buyer who suffers from 'buyer's remorse' after signing a purchase contract and having it accepted generally:
AHas 3 days to cancel under the 'cooling-off' rule
BCannot unilaterally cancel the contract without facing potential legal consequences✓ Correct
CCan cancel by notifying MREC
DCan cancel by returning the earnest money check
Explanation
Unlike some consumer contracts, there is no general 3-day right of rescission for real estate purchase contracts in Missouri. A buyer who wants to cancel without valid contract contingencies risks losing earnest money and potential legal action for breach.
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