1.) A contract of sale required the Laddons, the buyers, to pay, as part of the purchase price, a $1,000 deposit to be held by Rhett Realty, the broker, "in escrow on behalf of seller until settlement." The contract further provided that the deposit would be forfeited to the sellers in the event the Laddons breached the contract. In such a case, under the terms of the contract, Rhett Realty would be entitled to 50% of the amount forfeited. The contract was contingent on the buyers obtaining financing, which they were unable to do. Who is entitled to the earnest money? Explain?