Harmony Development agreed to sell seven acres of a planned subdivision to Jerry Davis for $1.5 million.
Question:
Harmony Development agreed to sell seven acres of a planned subdivision to Jerry Davis for $1.5 million. The contract required Harmony to spend
$1.85 million improving the property so that Davis could construct a health club on it. After Harmony made the improvements, Davis informed the company that the subdivision no longer “fit in harmony” with his plans and refused to complete the purchase. Harmony sued for breach of contract.
How should a court rule on this case and what remedy might it impose on Davis?
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A court is likely to rule in favor of Harmony Development and find that Je...View the full answer
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Related Book For 
Business Law Text And Exercises
ISBN: 9780357717417
10th Edition
Authors: Roger LeRoy Miller, William E. Hollowell
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