Contracts
A Vermont buyer's offer is accepted by the seller. The buyer then discovers the seller cannot deliver clear title by closing. The buyer's remedy is typically:
AAccept the title 'as-is'
BRescind the contract and recover the earnest money, or sue for specific performance or damages✓ Correct
CFile a complaint with the VREC against the seller
DAutomatically receive the property for free
Explanation
When a seller cannot deliver marketable title as contracted, the buyer may rescind the contract and recover earnest money, sue for specific performance (to force transfer of whatever title the seller has), or seek damages for breach of contract.
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