On May 5, Stewart Richardson (Seller) and Jasdip Properties SC, LLC (Buyer) entered into an agreement for the purchase of certain property in Georgetown, South Carolina, for $537,000. Buyer paid an initial earnest money deposit of $10,000, half of which Seller was entitled to retain in the event the sale was not concluded. The balance was due at the closing on or before July 28. Later, Seller granted Buyer extensions to the closing date in return for additional payments of $175,000 and $25,000, each to be applied to the purchase price. Without fault on his part, Buyer was unable to close in a timely fashion, and Seller rescinded the contract. Assuming that there is no breach of contract by either Seller or Buyer, explain what the rights of the parties are with respect to the money paid by Buyer.