Fez enters into a contract to buy 350 acres from Grain Farm to cultivate hops and open a brewery.Fez fails to make the purchase.Grain Farm's remedy is most likely
A) the amount that Fez expected to invest in the brewery.
B) a percentage of Fez's unrealized profit.
C) the difference between the contract and market prices of the land.
D) nothing-Grain Farm still owns the land.

Question

Quizplus · Accepted Answer

Grain Farm's remedy is most likely the difference between the contract and market prices of the land, as this would compensate them for the loss they suffered by relying on Fez's promise to purchase the land. The other options, such as the amount Fez expected to invest in the brewery or a percentage of unrealized profit, do not address Grain Farm's actual losses in this situation. And of course, Grain Farm still owns the land regardless of whether or not Fez makes the purchase.

Fez Enters into a Contract to Buy 350 Acres from Grain