Seller Steve has accepted an offer from Buyer Bill. Buyer Bill gave an earnest money deposit of $10,000 with the offer, which used the standard real estate contract form. Seller Steve accepted the offer, but Buyer Bill has changed his mind and told Steve that he does not intend to purchase the home after all. Steve believes Bill is obligated to purchase the home and intends to sue Bill. What is the most likely outcome in this scenario:

Select one:

a. Seller Steve will keep the earnest money deposit, but is NOT likely to be awarded further damages

b. Seller Steve will keep the earnest money deposit, and is likely to be awarded further damages

c. Buyer Bill will be ordered by a court to purchase Steve's house

d. Buyer Bill will receive a refund of the earnest money deposit and the transaction will be canceled without damages to either party