Tom agreed to buy Lisa's house for $1,000,000 and paid a $100,000 down payment. But as the closing date approached house prices began to drop so Tom refused to complete the deal. Lisa then resold the house for $800,000. As a result, which of the following statements is FALSE?
A) Tom will get back his $100,000
B) Tom will not get back his $100,000 but that is all he has to pay
C) Tom will not get back his $100,000 and he will also have to pay Lisa $100,000 more
D) Tom will not get back his $100,000 and he will also have to pay Lisa $200,000 more
E) Tom will not get back his $100,000 and he will have to pay pecuniary and punitive damages
Correct Answer:
Verified
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