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Ihuman Case Study
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Texas Real Estate Practice Exam Latest Update And Verified
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Question Number 37
In the event of a buyer's default a provision for liquidated damages in a sale contract enables the seller to:
Claim the deposit as compensatory damages for the buyer's failure to perform.
sue the buyer for a person specific performance.
Force the buyer to quitclaim equitable title.
Sue the buyer for the broker's marketing expenses.
✔ Correct Answer:
Claim the deposit as compensatory damages for the buyer's failure to perform.
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