On March 1,Eleanor Entered into a Contract to Buy a Piece

question 32

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.

---

Definitions:

Lithium Therapy

A treatment involving the administration of lithium, a mood-stabilizing drug, primarily used to treat bipolar disorder.

Bipolar Disorder

A disorder in mental wellness featuring acute mood swings, from manic or hypomanic episodes to depressive lows.

Tardive Dyskinesia

A neurological disorder resulting from long-term or high-dose use of antipsychotic drugs, characterized by repetitive, involuntary, purposeless movements.

Hedonic Consumption

The aspect of consumer behavior that relates to the emotional and pleasure-seeking aspects of consumption.