6) Manny contractually agreed to buy an apartment complex from Mason for a purchase price of $700,000. The contract obligated Manny to put up 10 percent of the agreed-to price at the time the contract was entered into as a deposit. The balance of $630,000 was due one month after the contract was entered into when Mason was obligated to transfer the ownership of the complex to Manny. The agreement signed by Manny allowed Mason to keep the deposit of $70,000 as damages for a default should Manny fail to come up with the remaining 90 percent of the price. Shortly after the contract was entered into, Manny heard a rumor that the military base located near the apartment complex might be closing. Many of the apartments in the complex were rented to military personnel, so Manny immediately stopped payment on the deposit check and defaulted on the contract to purchase the complex. Mason sued Manny for the damages of $70,000 specified in the sales contract. What is the likely outcome? Identify the name given in the textbook of rule that applies and discuss the criteria for enforceability. in entences