On December 16, Ludwig agreed to sell an antique piano to Elise for $100 000.She paid $20 000 immediately and promised to pay the remainder on March 26, when he was required to deliver the instrument.Prior to the delivery date, however, Ludwig realized that the piano was really worth $175 000.He therefore refused to perform the contract.Is Elise entitled to specific performance? Identify and explain the factors that affect your answer.If Elise is entitled to specific performance, is Ludwig entitled to receive anything from her in return? If Elise is not entitled to specific performance, how much, if anything, will she receive in damages? Explain your answer.

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The Answer of On December 16, Ludwig agreed to sell an antique piano to Elise for $100 000.She paid $20 000 immediately and promised to pay the remainder on March 26, when he was required to deliver the instrument.Prior to the delivery date, however, Ludwig realized that the piano was really worth $175 000.He therefore refused to perform the contract.Is Elise entitled to specific performance? Identify and explain the factors that affect your answer.If Elise is entitled to specific performance, is Ludwig entitled to receive anything from her in return? If Elise is not entitled to specific performance, how much, if anything, will she receive in damages? Explain your answer.

On December 16, Ludwig Agreed to Sell an Antique Piano