Fact Pattern 15-1
Ambrose enters into a contract to buy 350 acres from Belle Vista Farms to cultivate grapes and open a winery.
-Refer to Fact Pattern 15-1. If Ambrose breaches the contract, Belle Vista's remedy would most likely be
A) the amount that Ambrose expected to invest in the project.
B) a percentage of Ambrose's unrealized profit.
C) the difference between the land's contract and market prices.
D) specific performance.

Question

Fact Pattern 15-1
Ambrose enters into a contract to buy 350 acres from Belle Vista Farms to cultivate grapes and open a winery.
-Refer to Fact Pattern 15-1. If Ambrose breaches the contract, Belle Vista's remedy would most likely be
A) ​the amount that Ambrose expected to invest in the project.
B) ​a percentage of Ambrose's unrealized profit.
C) ​the difference between the land's contract and market prices.
D) ​specific performance.

Quizplus · Accepted Answer

If Ambrose breaches the contract, Belle Vista's remedy would most likely be the difference between the land's contract and market prices, as this is a common measure of damages in real estate transactions. Specific performance is typically not awarded in contracts for the sale of land unless the land is unique or damages are inadequate.

Fact Pattern 15-1 Ambrose Enters into a Contract to Buy 350 Acres from 350