Contracts
When a buyer defaults on a purchase agreement, the seller's remedies may include:
AOnly retaining the earnest money
BRetaining the earnest money, suing for specific performance, or suing for damages✓ Correct
CAutomatically receiving title to all of buyer's assets
DOnly suing for specific performance
Explanation
Upon buyer default, the seller may retain the earnest money as liquidated damages, sue for specific performance to compel the purchase, or sue for actual damages, depending on contract terms.
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