Fact Pattern 19-B1 (Questions B4-B5 apply)
Ambrose enters into a contract to buy 350 acres from Belle Vista Farms to cultivate grapes and open a winery.
-Refer to Fact Pattern 19-B1.If Ambrose breaches the contract,Belle Vista's remedy would most likely be
A)a certain ratio of 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

Quizplus · Accepted Answer

The typical remedy for breach of a real estate contract is the difference between the contract price and the market price of the land at the time of the breach.

Fact Pattern 19-B1 (Questions B4-B5 Apply)