Contracts
A NJ buyer who terminates a contract after the attorney review period has expired and outside any contingency may:
AReceive their deposit back automatically
BForfeit their earnest money deposit as the seller's liquidated damages✓ Correct
CReceive the deposit back if they notify the seller within 24 hours
DSeek a court order for refund
Explanation
Once the attorney review period passes and no contingency applies, the contract is binding. A buyer who terminates without cause typically forfeits their earnest money to the seller as liquidated damages.
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