Contracts
In Oregon, a buyer who defaults on a purchase contract may be sued by the seller for:
AOnly the earnest money as the maximum damages allowed by law
BCompensatory damages, specific performance, or the contractually agreed liquidated damages✓ Correct
CPunitive damages automatically triple the purchase price
DOnly the costs the seller incurred in preparation for closing
Explanation
Oregon sellers have several remedies when a buyer defaults: they may seek compensatory damages (actual damages caused by the breach), specific performance (court-ordered completion of the sale), or liquidated damages (the earnest money if specified in the contract as the agreed remedy).
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