Fact Pattern 19-B1 (Questions B4-B5 Apply)

question 16

Multiple Choice

Fact Pattern 19-B1 (Questions B4-B5 apply)
Ambrose enters into a contract to buy 350 acres from Belle Vista Farms to cultivate grapes and open a winery.
-Refer to Fact Pattern 19-B1.If Ambrose breaches the contract,Belle Vista's remedy would most likely be

• A)a certain ratio of the amount that Ambrose expected to invest in the project.
• B)a percentage of Ambrose's unrealized profit.
• C)the difference between the land's contract and market prices.
• D)specific performance.

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Definitions:

Sued

A legal process where one party files a lawsuit against another in a court of law.

Public Funds

Financial resources collected by the government, typically through taxation, to be used for public purposes and services.

Enforceability

The capability of a legal document or provision to be implemented or acted upon in a court of law.

Disaffirm

The legal act of denying, rejecting, or declaring a contract or agreement void, especially in cases involving minors or fraud.