story People Window Help t.htm Secure ht Help Save&Exit; Sube Homework 4-Chapter

Question

story People Window Help t.htm Secure ht Help Save&Exit; Sube Homework 4-Chapters 12 to 14 MC Qu. 10 When a party in a contract.. When a party in a contract fails to perform (e.g, breach of contract, nonperformance, or default) the other party has a variety of remedies. All of the following are remedies thot an aggrieved seller may pursue except . points Multiple Choice Relerencer agree to rescission of the contract sue for specific performance retain the earnest money deposit es liquidated damages sue for damages

Explanation / Answer

Option C is correct answer

The agrieved seller cannot retain the earnest money deposit as liquidation damages as Earnest money is deposited from buyer in good faith for eg. in case of forward contract to cover the difference amount, but such amount cannot be used for Breach of Contract.

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