Final answer:
A buyer may be able to back out of a deal and get his deposit back if certain conditions are met. These conditions include the seller's inability to deliver the property or if a money-back guarantee is offered.
Step-by-step explanation:
A buyer may be able to back out of a deal and still get his deposit back if there are specific conditions outlined in the purchase agreement.
One possible condition is if the seller is unable to deliver the property to the buyer on the agreed date due to reasons such as loss or destruction of the property, or the failure of prior occupants to vacate. In such cases, both the buyer and the seller may cancel the agreement and the deposit should be refunded in full.
Another situation is when a seller offers a money-back guarantee as a promise of quality. This is common for companies that sell goods through mail-order catalogs or the internet, where customers cannot physically see the products. The money-back guarantee encourages people to make purchases even if they are unsure if they want to keep the product, as they can return it for a refund.