Fact Pattern 19-1
Andre enters into a contract to buy 350 acres from Belle Vista Farms to cultivate grapes and open a winery.
-Refer to Fact Pattern 19-1. If Belle Vista breaches the contract, Andre's remedy would most likely be
A) the amount that Andre expected to invest in the project.
B) a percentage of Belle Vista's unrealized profit.
C) the difference between the land's contract and market prices.
D) specific performance.

Question

Fact Pattern 19-1
Andre enters into a contract to buy 350 acres from Belle Vista Farms to cultivate grapes and open a winery.
-Refer to Fact Pattern 19-1. If Belle Vista breaches the contract, Andre's remedy would most likely be
A) ​the amount that Andre expected to invest in the project.
B) ​a percentage of Belle Vista's unrealized profit.
C) ​the difference between the land's contract and market prices.
D) ​specific performance.

Quizplus · Accepted Answer

Andre's remedy in case of a breach of contract by Belle Vista Farms would most likely be specific performance, which would require the seller to complete the sale of the 350 acres as agreed upon in the contract. This is because real estate and property are unique assets, and money damages may not be an adequate remedy for the buyer. The other options, such as the amount Andre expected to invest or a percentage of Belle Vista's unrealized profit or the difference between the land's contract and market prices, are all forms of monetary damages, which may not fully compensate for the breach.

Fact Pattern 19-1 Andre Enters into a Contract to Buy 350 Acres from 350