Horatio owns a piece of land called Blackacre.He contractually agreed to sell it to Bharati for $200 000.Although the sale was not scheduled to close for four weeks,Horatio required Bharati to pay $10 000 immediately.Shortly before the sale was scheduled to close,Horatio told Bharati that he had changed his mind and that he was not willing to complete the sale.If he refuses to refund her $10 000,she would be entitled to use a vendor's lien.

Question

Quizplus · Accepted Answer

A vendor's lien is a seller's right, not a buyer's. Bharati, as the buyer, would not have a vendor's lien; she might have other legal remedies such as suing for breach of contract or seeking a refund.

Horatio Owns a Piece of Land Called Blackacre