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Case B . Howard Land Development Corporation sold a lot to Quality Builders to construct a new home. The price of the lot was $

Case B. Howard Land Development Corporation sold a lot to Quality Builders to construct a new home. The price of the lot was $50,000. Quality made a down payment of $10,000 and agreed to pay the balance in six months. After making the sale, Howard learned that Quality Builders often entered into these agreements but refused to pay the balance if it did not find a customer who wanted a house built on the lot.

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