Refer to Fact Pattern 10-31 If Ambrose breaches the contract, Belle Vista's remedy would most likely be
A)the amount that Ambrose expected to invest in the project.
B)a percentage of Ambrose's unrealized profit.
C)the difference between the land's contract and market prices.
D)specific performance.

Question

Refer to Fact Pattern 10-31 If Ambrose breaches the contract, Belle Vista's remedy would most likely be​
A)the amount that Ambrose expected to invest in the project.
B)a percentage of Ambrose's unrealized profit.
C)the difference between the land's contract and market prices.
D)specific performance.

Quizplus · Accepted Answer

The most common remedy for breach of contract involving the sale of land is the difference between the contract price and the market price at the time of the breach. This compensates the non-breaching party for the loss of the bargain.

Refer to Fact Pattern 10-31 If Ambrose Breaches the Contract