Contracts
In NJ, a buyer who deposits funds in escrow and the seller later refuses to close without legal justification would typically seek:
ACriminal charges against the seller
BSpecific performance forcing the seller to convey title, or in the alternative, the return of the deposit plus damages✓ Correct
COnly the return of the deposit
DNJREC mediation
Explanation
A buyer facing seller default may seek specific performance (compelling the sale) because real estate is unique, or in the alternative, return of the earnest money plus compensatory damages for their out-of-pocket costs.
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