Contracts
In Tennessee, if a buyer's earnest money check is dishonored by the bank, the:
AContract is automatically void
BSeller may treat it as a breach and pursue remedies✓ Correct
CBuyer has an automatic 10-day grace period to replace it
DListing broker must personally cover the dishonored check
Explanation
A dishonored earnest money check may constitute a material breach of contract, allowing the seller to treat the contract as breached and pursue available remedies.
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