Horatio Owns a Piece of Land Called Blackacre

question 34

True/False

Horatio owns a piece of land called Blackacre.He contractually agreed to sell it to Bharati for $200 000.Although the sale was not scheduled to close for four weeks, Horatio required Bharati to pay $10 000 immediately.Shortly before the sale was scheduled to close, Horatio told Bharati that he had changed his mind and that he was not willing to complete the sale.If he refuses to refund her $10 000, she would be entitled to use a vendor's lien.

Understand the different remedies available for breach of contract.

Identify the factors affecting the choice of remedy for a breach of contract.

Recognize the conditions under which a contract may be terminated.

Understand the principles governing the award of damages in contract law.

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