Contracts
In New Mexico, a 'breach of contract' by a seller who refuses to close would entitle the buyer to which of the following remedies?
AOnly a refund of earnest money
BSpecific performance, actual damages, or rescission and return of earnest money✓ Correct
CPunitive damages only
DA new purchase agreement
Explanation
When a seller breaches a real estate contract by refusing to sell, the buyer may seek: (1) specific performance (court order compelling the sale), (2) actual damages for losses caused by the breach, or (3) rescission and recovery of earnest money and costs incurred.
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