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2. Real Estate Contract Breach by Buyer. Seller is a home owner and enters into a signed written enforceable contract with Buyer for the sale

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2. Real Estate Contract Breach by Buyer. Seller is a home owner and enters into a signed written enforceable contract with Buyer for the sale of his Hamden house for $250,000 with the closing to take place on February 1. One week before closing Buyer gives Seller notice that he will not buy the house. (Note the Buyer has no legal basis to terminate the contract.) a. Is Seller entitled to $250,000 in compensatory damages? Explain. b. Assume that Seller is able to find a substitute buyer who agrees to pay $240,000 for the house? What damages, if any, is Seller entitled to collect from Buyer under these circumstances? Explain. c. Assume that the closing with the substitute buyer is scheduled to take place on April 1 and that Seller moves to his Florida condo on February 1. Further assume that Seller incurs the following costs in the months of February and March on the Hamden house. What additional damages, if any, is Seller entitled to collect from Buyer under these circumstances? Explain. Real estate taxes and insurance on the Hamden house @ $1,500/month $3,000 Lawn care service on the Hamden house @ $200/month $400

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