Cancellation of Contract, Disposition of Deposit & Cancellation of EscrowC.A.R. Form CC
1Per: ✓Purchase Agreement dated 10/20/2026
Property: 1234 Example Lane, San Jose, CA 95100
Buyer: Anh Minh & Chị Hoa · Seller: Mr. & Mrs. Example
2Advisory. Cancel in good faith, following the contract (Notice to Perform, Demand to Close). Agents give no opinion on who gets the deposit. See an attorney.
31A. One-party cancellation by ✓Buyer Seller, because: ✓(1) paragraph 8 (inspection contingency) (2) NBP (3) NSP (4) DCE (5) other
41B. Proposed mutual cancellation — effective only if the other side signs Section 2 by 5:00 PM on the 3rd Day. Can be withdrawn before then.
Party cancelling · 11/09/2026
52A–2B. Release not automatic. Escrow needs signed instructions from Buyer and Seller, a court decision or arbitration award. Refusal with no good-faith dispute: penalty up to $1,000 (Civil Code §1057.3).
62C. Full release. Cancel escrow # 0000-EX with Example Escrow Co. Both sides drop every claim under the Agreement.
7C(1) ✓ Deposit to Buyer, less Buyer's fees and costs. Seller also pays Buyer's inspection & appraisal costs.
8C(2) Deposit to Seller, less Seller's fees. With liquidated damages on a 1–4 unit home Buyer meant to live in: max 3% of price; the rest back to Buyer.
9C(3) $____ to Seller, balance to Buyer, each pays own fees. C(4) No deposit in escrow.
102D. Partial release — cancel escrow and the duty to buy/sell, but keep all other rights; escrow holds the deposit until mutual instructions, court or arbitration.
Buyer · 11/10/2026BuyerSeller · 11/10/2026Seller
Bản mô phỏng do Ken Lam vẽ lại để giải thích. Không phải form C.A.R. chính thức.