Adams Signed a Contract in Which He Promised to Sell

question 54

Multiple Choice

Adams signed a contract in which he promised to sell his house to Jefferson for $225 000.The "deposit" to be paid was set at $4000,and the liquidated damages clause provided that the deposit would be forfeited in the event that the buyer breached the contract.The buyer did breach the contract.Because the cost of housing was falling,it was difficult,even after a reasonable time had passed,to find a new buyer.The highest offer was $218 000.Adams accepted.Which of the following is true with regard to Adams's remedies?

• A)Adams could sue for an injunction to stop Jefferson from buying another house.
• B)Adams would be entitled to the $4000 only,if the court held that the deposit was an honest attempt of the parties to estimate damages.
• C)Adams must sue for specific performance,which is the only remedy,an equitable remedy,available to the parties in land transactions.
• D)Adams would be entitled to damages for money lost-$7000 plus selling costs.
• E)Adams could ask the court to order an accounting.

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Definitions:

Subcutaneous

Located or applied under the skin, often referring to the layer of fat and tissue beneath the skin's surface.

Ingestion

The act of taking food, drinks, or other substances into the body through the mouth.

Absorption

The process by which substances are taken up into the bloodstream, particularly in the context of nutrients from the digestive system.

Herpes Simplex I

A type of the herpes simplex virus causing oral herpes, typically characterized by cold sores or fever blisters around the mouth.