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Austin agreed to sell his speedboat to Sandy for $50,000. Sandy made an initial ' payment of $25,000, with the remainder to be paid when

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Austin agreed to sell his speedboat to Sandy for $50,000. Sandy made an initial ' payment of $25,000, with the remainder to be paid when the speedboat was delivered. Before delivering the speedboat, Austin's friend Eugene, who sells speedboats for a living, told him that he was foolish to sell it for such a low price. Eugene said its market value was at least $75,000. Austin has now refused to deliver . the boat to Sandy unless she pays him an extra $25,000. Sandy refuses and sues Austin for breach of contract. Assuming Austin is in breach of contract, Sandy is entitled to $50,000 in damages. kn ' _True / False ' [1 mark] Briefly explain your answer . [2 marks] 'r__H__'______w_,_.__

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