Contracts
In Montana, a buyer who wants to back out of a signed contract without a valid contractual reason will likely:
ABe entitled to a full refund of their earnest money
BForfeit the earnest money and potentially face a specific performance lawsuit from the seller✓ Correct
COnly face a penalty of one month's rent
DBe allowed to cancel with 24 hours' notice
Explanation
Without a valid contingency or other contractual reason to cancel, a defaulting buyer in Montana may forfeit their earnest money (which the seller retains as liquidated damages) and could face a lawsuit for specific performance or additional damages.
Related Montana Contracts Questions
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