Contracts
An earnest money deposit in a NJ real estate transaction demonstrates the buyer's:
ALegal obligation to complete the purchase
BGood faith intention to proceed with the transaction✓ Correct
CRight to immediate occupancy
DWaiver of the attorney review period
Explanation
An earnest money deposit signals the buyer's good faith and seriousness; it does not obligate the buyer absolutely (contingencies may allow the buyer to cancel and recover it).
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