On March 1, Eleanor Entered into a Contract to Buy

question 61

Essay

On March 1, Eleanor entered into a contract to buy a piece of land called Blackacre from Hershey. The purchase price was $200 000. Eleanor paid $20 000 immediately and promised to pay the remainder when the sale closed on June 1. On June 1, however, Hershey refused to complete the sale. He also refused to refund Eleanor's $20
000. He honestly explained that while he has Blackacre, he simply does not have any money. What remedy should Eleanor use? Explain your answer.

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