GROSSE, Judge.
When an earnest money agreement unequivocally designates a sum deposited as "earnest money," and the agreement unambiguously provides that the same sum is "for the purpose of binding the purchaser to the agreement," then the definitional requirements of state statute are met and the inquiry with regard to remedy becomes one of the amount of the deposit in relation to the purchase price. Here, the total deposits properly considered "earnest money" exceed...
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