A seller has agreed to sell agreed to sell a property that has been in his family for decades. The broker finds a buyer and they enter into an escrow with a closing date 45 days after acceptance. Seven days before the escrow is to close, the seller recourses another offer from a distant relative that is a substantially higher offer. Which of the following is the most favorable outcome for the seller if the buyer cannot close as expected and the contract included the expression "time is of the essence"? a) when the seller hires an attorney for breach of contract b) if the buyer and seller mutually agree to extend the escrow C) when the buyer initiates cancellation so he will not be in default d) if the seller assigns the existing purchase agreement to his relative