If Khalid agrees to sell his house to Lalita for $300,000 a property which is actually worth $410,000, _____.
A) Lalita can recover damages for breach of contract if Khalid refuses to perform
B) Lalita will be able to get a court order for the specific performance of Khalid's promise
C) Khalid is not entitled to equitable remedies
D) Lalita cannot recover damages for breach of contract

Question

Quizplus · Accepted Answer

Courts may refuse to grant equitable remedies to those who seek to enforce grossly inadequate bargains on the grounds that such persons are not entitled to the special treatment equity affords. In the given scenario, Lalita can recover damages for breach of contract if Khalid refuses to perform.

If Khalid Agrees to Sell His House to Lalita for $300,000