Fact Pattern 12-1
Estelle enters into a contract to buy 132 acres from Desmond to subdivide and sell in quarter-acre lots for Country Acres, a residential development.
-Refer to Fact Pattern 12-1.If Estelle breaches the contract,Desmond's remedy would most likely be

Question

Fact Pattern 12-1 
Estelle enters into a contract to buy 132 acres from Desmond to subdivide and sell in quarter-acre lots for Country Acres, a residential development.
-Refer to Fact Pattern 12-1.If Estelle breaches the contract,Desmond's remedy would most likely be

Quizplus · Accepted Answer

If Estelle breaches the contract, Desmond's remedy would most likely be the difference between the land's contract price and its market price. This is because the contract price is the price that the parties agreed on when they entered into the contract, and if Estelle breaches the contract, Desmond should be put in the same position he would have been in if the contract had been performed. This would mean that Desmond would be entitled to the difference between the contract price and the market price of the land at the time of the breach. This remedy is known as expectation damages. The other choices are not relevant to this case.