Contracts
Under Wyoming contract law, unilateral rescission by a buyer who has no contractual right to cancel typically:
AIs always allowed within 3 days of signing
BConstitutes a breach of contract, potentially entitling the seller to damages or the earnest money✓ Correct
CAutomatically releases both parties without penalty
DRequires a court order to become effective
Explanation
If a buyer rescinds (cancels) a contract without a contractual right to do so (such as a contingency), it constitutes a breach of contract. The seller may retain the earnest money as liquidated damages or pursue other legal remedies.
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