Contracts
A 'material breach' of a NC real estate contract gives the non-breaching party the right to:
ADemand a small price adjustment only
BTreat the contract as terminated and seek damages, or pursue specific performance✓ Correct
CRenegotiate minor terms only
DReport the breach to the NCREC
Explanation
A material breach of contract allows the non-breaching party to treat the contract as terminated and pursue legal remedies including damages, return of deposits, or specific performance.
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