Fact Pattern 14-1
Bella Homes enters into a contract to buy 132 acres from Watershed Holdings to subdivide and sell in fifth-acre lots for Pristine Meadow, a residential development.
-Refer to Fact Pattern 14-1. If Bella breaches the contract, Watershed's remedy would most likely be

Question

Fact Pattern 14-1 
Bella Homes enters into a contract to buy 132 acres from Watershed Holdings to subdivide and sell in fifth-acre lots for Pristine Meadow, a residential development.
-Refer to Fact Pattern 14-1. If Bella breaches the contract, Watershed's remedy would most likely be

Quizplus · Accepted Answer

If Bella breaches the contract, Watershed would likely seek the difference between the land's contract price and the market price as their remedy. This is because, in a breach of contract case, the non-breaching party is typically entitled to compensation for the damages they have suffered. In this case, Watershed would likely argue that they have suffered damages in the amount of the difference between the contract price and the market price, as they could have sold the land to another buyer for a higher price if Bella had not breached the contract. This would be the most likely remedy in this scenario, as specific performance (forcing Bella to go through with the purchase) is typically not awarded in cases involving the sale of real property, and the other options (liquidated funds and unrealized profit) do not seem to be appropriate in this context.