Contracts
In Texas, a 'material breach' of a real estate contract gives the non-breaching party the right to:
ATerminate the contract only
BTerminate the contract and/or seek damages or specific performance✓ Correct
CModify the contract unilaterally
DOnly accept the earnest money as compensation
Explanation
A material breach of a real estate contract gives the non-breaching party multiple remedies: (1) terminate the contract and seek the earnest money, (2) sue for damages, or (3) sue for specific performance requiring the breaching party to complete the transaction.
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