Ambrose enters into a contract to buy 350 acres from Belle Vista Farms to cultivate grapes and open a winery.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

Specific performance is the most likely remedy for Belle Vista Farms if Ambrose breaches the contract to buy the land. This means that Ambrose would be required to fulfill the terms of the contract and purchase the land, rather than paying damages or a certain ratio/profit difference. This is because land is considered unique and cannot be easily replaced, so monetary damages would not be an adequate remedy for Belle Vista Farms.

Ambrose Enters into a Contract to Buy 350 Acres from Belle