Question
Buyer and Seller have a written agreement to buy and sell Blackacre in Little Rock for $156,000. Pursuant to the agreement, the seller puts pink
Buyer and Seller have a written agreement to buy and sell Blackacre in Little Rock for $156,000. Pursuant to the agreement, the seller puts pink carpeting and Valentine wallpaper in the master bedroom. The buyer understands that the seller will be immediately moving into another home in Little Rock.
A day before the scheduled closing the buyer breaches the contract because her marital plans were canceled when her fianc ran off with another woman.
If the seller sues the buyer for damages, the seller is likely to:
A) collect nothing, because the breach was innocent and unintentional.
B) collect general damages, based on the difference between the contract price and the fair market value of the home at the time the agreement was signed.
C) collect special damages, in the amount of a reasonable interest rate on the purchase price of $156,000.
D) collect special damages, based on the cost of installing the carpeting and wallpaper.
E) collect special damages, based on the increased value of the house because of the carpeting and wallpaper.
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