did the home buyers have the right to back out of this deal?

the contract states that the home buyers have the right to back out of the deal until they get a copy of the signed cancellation (previous buyers also backed out of the deal).

home buyers canceled the deal because they discovered the disclosure was inaccurate, they requested the home sellers to update the disclosure with accurate information, and the home sellers responded by refusing to give the buyers a final walk through until they agreed to sign off on the fraudulent disclosure. the agent was a dual agent siding with the sellers the entire time. the home buyers never received a copy of the signed cancelation, did they have the right to back out of the deal? sellers are claiming buyers canceled the deal prior to closing and they are not giving the buyer's their earnest money back and have claimed they want 88.89% of the earnest money or else they're not willing to release it. they are also claiming it is the buyer's fault that their home got sold to someone else afterwards for a lower price.

submitted by /u/golden-sun-shine87
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source https://www.reddit.com/r/RealEstate/comments/w97u6d/did_the_home_buyers_have_the_right_to_back_out_of/