Reference no: EM133938637

Question

 contracts with B for the sale of her lakefront cabin to B. The purchase price is $200,000 with B paying over a binder of $10,000 on the contract date and closing to be held in 30 days. The cabin has a 3 bedroom/2 bath layout and is very similar to all of the other cabins on the lake, but, of course, has a somewhat different view of the lake than any other cabin. Several other similar cabins nearby are currently for sale at prices ranging from $180,000 - $220,000.

On the day of the scheduled closing, S repudiates and refuses to transfer the deed. If B sues for breach, a court would be most likely to order which of the following remedies:

Expectation damages in the amount of $20,000 because other similar cabins are selling for $20,000 more than the price B will pay

Liquidated damages of $10,000 as restitution for the binder that B already paid

An order of specific performance compelling S to consummate the transaction and deliver the deed to B

Based on these facts alone, B is unlikely to obtain any remedy in an action for breach of contract