On March 1st, Sam enters into an offer to purchase with Geraldo to purchase his home. The closing date is June 15th. On May 1st, Sam discovers that the city is planning to re-zone the land next door as commercial. Sam is very unhappy and no longer wants the property. What legal/non-legal action might Sam take?
A) Sam may bring an action against Geraldo for misrepresentation.
B) Sam may fail to complete the transaction.
C) Sam may notify Geraldo of an anticipatory breach.
D) Sam may fail to complete the transaction of notify Gerald of an anticipatory breach.
E) Sam may take any of these actions.
Correct Answer:
Verified
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