Newsflash: [Seller – CA] Buyer put down deposit after purchase agreement has already been invalidated

As per title, I am the seller in this dispute with a buyer who is a broker. I have just cancelled the purchase agreement on a property due to lack of consideration since the buyer has yet to put down the deposit.However after I cancelled the purchase agreement, the buyer then decided to put the deposit into escrow. The buyer is now insisting that we follow through with the binding arbitration clause, which is indeed present in the original purchase agreement.Does the buyer have any basis for forcing me to engage in arbitration although I have invalidated the agreement prior to the buyer putting down the deposit?Any help would be greatly appreciated!



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