Syed Iqbal agrees to purchase a house on a hill overlooking a lake from Savia Jahangir for $300,000. The transaction is to close in two months
Just after the agreement is signed, the housing market increases dramatically so that the house is now worth $600,000. Syed wants the house; Savita refuses to complete the deal. Syed does locate a similar house for $600,000, although it lacks the unique view of Savita's house and is not right on the lake. Which of the following statements is true about the remedies available to Syed for breach of contract?
A) Syed can seek a court order directing Savita to complete the sale.
B) Syed can only purchase the replacement house and obtain an order that savita pay for the additional cost ($300,000).
C) Syed can obtain an order requiring Savita to pay the entire value of the replacement house, $600,000.
D) Syed can sue for both specific performance and damages of $300,000.
E) Syed had a duty to mitigate his damages, so he can obtain only nominal damages from savita.
A
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