Contracts
Under the Texas One to Four Family contract, the seller's failure to deliver title by the closing date without good cause gives the buyer the right to:
AOnly receive their earnest money back
BSue for specific performance, terminate and recover earnest money, or treat the failure as a breach✓ Correct
CWaive the closing date automatically
DOnly extend the contract 15 days
Explanation
When a seller fails to close, the buyer has three remedies: enforce the contract through specific performance, terminate and receive the earnest money back, or treat the failure as a material breach and pursue damages.
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