Fact Pattern 18-B1
A enters into a contract to buy 132 acres from B to subdivide and sell in quarter-acre lots for C Acres, a residential development.
-Refer to Fact Pattern 18-B1. If A breaches the contract, B's remedy would most likely be
A) a certain ratio of the amount that A has in liquid funds.
B) a percentage of A's unrealized profit.
C) the difference between the land's contract and market prices.
D) specific performance.

Question

Fact Pattern 18-B1 
A enters into a contract to buy 132 acres from B to subdivide and sell in quarter-acre lots for C Acres, a residential development.
-Refer to Fact Pattern 18-B1. If A breaches the contract, B's remedy would most likely be
A) a certain ratio of the amount that A has in liquid funds.
B) a percentage of A's unrealized profit.
C) the difference between the land's contract and market prices.
D) specific performance.

Quizplus · Accepted Answer

If A breaches the contract, B's remedy would most likely be the difference between the land's contract and market prices, as this compensates B for the loss of the bargain due to A's breach.