?Buyer pays a $10,000 down payment to Seller for the purchase of Blackacre. At closing, Buyer tenders the balance of the purchase to Seller but Seller refuses to convey Blackacre because the contract to sell was not in writing.
A. ?Buyer has just lost $10,000.
B. ?Buyer can place the balance of the purchase price into escrow and successfully sue Seller for breach of contract and receive specific performance.
C. ?Buyer can sue Seller for breach of contract and recover $10,000.
D. ?Buyer can sue Seller in a restitution cause of action and recover the $10,000.
Answer: D
You might also like to view...
The equitable equivalent to a statute of limitations is?
A. ?clean hands. B. ?laches. C. ?unconscionability. D. ?maxim.
Having feelings, expressing them, hearing them, and responding to them is the meaning of which of the following?
What will be an ideal response?
Which of the following statements are true about marijuana?
A) Some states have decriminalized marijuana for recreational use. B) Children who smoke marijuana at an early age are more likely to suffer from Attention Deficit Disorder. C) Marijuana is illegal because of the ‘munchies’ side effect, which encourages obesity. D) Some states allow medical marijuana use for glaucoma and other specific ailments. E) A and D only.
Why did the America Invents Act ban patents for tax strategies?
What will be an ideal response?