On March 1, Eleanor Entered into a Contract to Buy

question 39

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 so he needs the deposit money to live on.What remedy should Eleanor use? Explain your answer.

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Definitions:

Surrogate Consumer

An individual who is hired or designated to make purchasing decisions on behalf of another person.

Ultimate User

The final consumer who uses a product or service for its intended purpose, as opposed to those who may purchase for resale or as intermediaries.

Interior Designer

A professional who plans, researches, coordinates, and manages the enhancement of interior spaces to achieve aesthetically pleasing environments.

Market Maven

An individual recognized for their knowledge about the marketplace, including where to get products at the best prices, and who influences others with their recommendations.