Tennessee Real Estate Exam Practice Question
If a seller defaults a buyer's legal remedy is most likely to
Correct Answer: C
Rationale: In the event of a seller's default, the buyer's primary legal remedy typically involves enforcing the completion of the sales agreement, making option C the most suitable choice. This remedy aims to ensure the buyer receives the agreed-upon goods or services.
Option A is incorrect as it suggests canceling all contractual obligations, which does not address the buyer's interests. Option B, while plausible, focuses solely on monetary compensation, which may not fully resolve the buyer’s need for the specific goods or services. Option D is also incorrect; punitive damages are rare in contract disputes and are generally reserved for cases involving egregious misconduct, not mere defaults.
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