BUS LAW 1

BUS LAW I

Abby contracts to sell her farm "Blackacre" to Blake for $500,000. The farm is actually worth $600,000 on the market. Perhaps for this reason, Abby has second thoughts about selling to Blake and tells Blake she won't go through with the sale. Blake then sues Abby for breach of contract.Answer the following questions in a concise yet thorough manner in the space provided below. Answer A and B separately and label them as such. Don't worry about the small box in which to write; it will expand as you type.

A. If Blake asks the court to award money damages, what would those damages be? Be specific in terms of amount. Also name and define the type of damages.

B. As an alternative, can Blake get the remedy of "specific performance?" Why or why not? Be sure to fully explain your answers using the legal concepts you have learned (include a definition of specific performance and describe when it is used).