Question
5. Price signed a contract to sell Wyatt a parcel of land for $90,000. The entire sales price was payable at the closing. Price decided
5. Price signed a contract to sell Wyatt a parcel of land for $90,000. The entire sales price was payable at the closing. Price decided to keep the land. If Wyatt commences an action against Price, what relief is Wyatt most likely to receive?
6. Arthur and Brian have entered into a contract with a liquidated damages provision that states that Ben's recovery will be $10,000 in the event of Arthur's breach. Arthur breaches the contract. However, Ben loses $50,000 in consequential damages as a result, so he wants more than just $10,000. Can he sue for the extra damages?
7. Ginny is an agent of Vroom Motors, and is designated to sell and deliver antique cars. She spends her own money to call clients, visit them and finalize the deals. There is no express agreement between Ginny and Vroom as to who is responsible for those expenses, so Vroom expects Ginny pay for them. Are they right?
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