Contracts
A North Dakota real estate closing does not take place on the scheduled date because the seller fails to have a required repair completed. The buyer may:
AAutomatically receive the earnest money back
BChoose to extend the closing, seek specific performance, or claim damages for breach of contract depending on the contract terms✓ Correct
CImmediately re-list the property with another broker
DForfeit the earnest money
Explanation
When a seller fails to perform, the buyer may have several remedies depending on the contract: negotiate an extension, seek specific performance (court order to complete the sale), or claim monetary damages for the breach.
Related North Dakota Contracts Questions
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