What legal recourse does a seller have if a buyer breaches the payment terms?

A seller has legal recourse in cases where a buyer breaches the payment terms, and the available remedies include pursuing damages for any losses incurred or seeking specific performance to compel the buyer to fulfill their payment obligations. Damages can include any financial losses directly resulting from the breach, such as lost profits or additional costs incurred due to the buyer's failure to pay as agreed.

Specific performance may be an option if monetary damages are deemed inadequate, especially in situations where the goods or services are unique or where the seller has a legitimate interest in having the contract performed as originally agreed. This legal remedy aims to ensure that the seller receives what was promised under the contract, rather than simply monetary compensation.

Other choices suggest limited or non-existent recourse for the seller, which does not align with the principles of contract law that grant sellers the right to enforce their agreements and seek relief when buyers do not adhere to payment terms. These options fail to reflect the full legal rights afforded to sellers in commercial transactions.