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14. Bob and Sue have a contract where Bob agrees to buy, and Sue agrees to sell, her house for $500,000. For no reason, Sue

14.Bob and Sue have a contract where Bob agrees to buy, and Sue agrees to sell, her house for $500,000. For no reason, Sue decides three minutes before the scheduled closing that she does not want to go through with the sale. Answer the following questions about these facts:

(a)Can Bob force Sue to sell? If so, what kind of remedy is this forced sale called?

(b)Assume that the contract says that in the event of a breach by other side, damages shall be set at $10,000.00. What can Bob do now? What kind of remedy is this?

(c)If Bob wanted the House because he planned on reselling it for a million dollar profit (Sue didn't know), could he then sue Sue for his lost profits? What are those lost profits called?Are they recoverable?Describe in detail.

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