Contracts
Under the Utah REPC, if a seller fails to close on time without a valid reason, the buyer may:
AOnly receive their earnest money back
BSeek specific performance, actual damages, or cancellation with return of earnest money✓ Correct
CAutomatically receive a penalty equal to 10% of the purchase price
DOnly sue for lost time and inconvenience
Explanation
When a seller defaults, the Utah REPC gives the buyer multiple remedies including specific performance (forcing the sale), actual damages, or cancellation with full return of earnest money and any other deposits.
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