Fact Pattern 14-1 (Questions 7-8 apply)
Estelle enters into a contract to buy 132 acres from Desmond to subdivide and sell in quarter-acre lots for Country Acres, a residential development.
-Refer to Fact Pattern 14-1.If Desmond breaches the contract,Estelle's remedy would most likely be
A) a certain ratio of the amount that Desmond has in liquid funds.
B) a percentage of Desmond's unrealized profit.
C) the difference between the land's contract and market prices.
D) specific performance.

Question

Quizplus · Accepted Answer

Estelle's remedy for breach of contract by Desmond would most likely be specific performance, which would require Desmond to fulfill his obligation to transfer the 132 acres of land to Estelle. This would allow Estelle to proceed with her plans for the subdivision and sale of the lots. Monetary damages, such as those described in choices A, B, and C, may not fully compensate Estelle for the losses she would incur due to the breach of contract.

Fact Pattern 14-1 (Questions 7-8 Apply)