Letitia Contractually Agreed to Sell a Piece of Land Called

question 51

Multiple Choice

Letitia contractually agreed to sell a piece of land called Blackacre to Rocco for $250 000.Closing was scheduled to occur on June 1.On May 15, however, Letitia told Rocco that she did not intend to transfer title to him.Which of the following statements is TRUE?

• A)If Blackacre is really worth $300 000, and if Rocco has not paid any part of the purchase price, he will be entitled to damages of $50 000.
• B)A court will not order specific performance if Blackacre is really worth $300 000.
• C)As a matter of fairness, if Blackacre is really worth $300 000, a court will order specific performance only if Rocco agrees to increase the purchase price by $50 000.
• D)Canadian courts no longer order specific performance of contracts for the sale of land.
• E)If Rocco already paid the purchase price, and if Blackacre is really worth $300 000, Letitia will be required to pay a total of $50 000 in compensatory damages.

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