Contracts
A North Dakota buyer who backs out of a purchase agreement without a valid contingency typically forfeits:
ANothing; buyers can always withdraw
BTheir earnest money deposit as liquidated damages per the contract terms✓ Correct
CTheir right to purchase another property
DTheir real estate agent
Explanation
When a buyer defaults on a purchase agreement without a valid contingency, the seller's typical remedy is to retain the earnest money as liquidated damages. The seller may also have the option to sue for specific performance or actual damages, depending on the contract terms.
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