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 Belle Vista breaches the contract,Ambrose'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 Belle Vista's unrealized profit.
C)the difference between the land's contract and market prices.
D)specific performance.

Question

Quizplus · Accepted Answer

Ambrose's remedy for breach of contract by Belle Vista would most likely be specific performance, which would require Belle Vista to fulfill its promise to convey the 350 acres of land to Ambrose so that he can cultivate grapes and open a winery. This remedy is usually granted in cases involving unique property, such as real estate, where monetary damages would not adequately compensate the injured party. The other options, such as a certain ratio of expected investment, a percentage of unrealized profit, or the difference between contract and market prices, would provide only partial compensation and are unlikely to be granted as remedies in this case.

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