Susan Enters into an Unconditional Agreement of Purchase and Sale

question 26

Multiple Choice

Susan enters into an unconditional agreement of purchase and sale to buy a home owned by Alicia.The deal is scheduled to close on September 1.On June 10,less than three months prior to closing,Susan writes a letter to Alicia indicating that she has changed her mind and will not be buying her house.In these circumstances,the most likely scenario is for Alicia to :

• A)treat the letter as constituting an anticipatory breach,treat the contract as discharged,and place the home back on the market reserving her rights to sue Susan.
• B)seek a court injunction forcing Susan to close on September 1.
• C)seek no court action because the contract is frustrated.
• D)commence a lawsuit immediately for punitive damages.
• E)sue the listing agent for failing to secure a larger deposit.

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