Developer agrees to buy land from Seller for $200,000, on the condition that Developer can get a mortgage from Bank, and makes a $20,000 down payment. Developer has the land surveyed (at a cost of $1,000) and pays $500 in application fees to Bank. Developer hires an appraiser for $500 (required by Bank for the mortgage), who determines the land is worth $400,000. Seller repudiates the contract and refunds Developer's down payment. If Developer sues Seller for damages for breach, Developer will recover: Question 4 options:

a)

the cost of the application and the survey.

b)

the cost of the appraisal and the survey.

c)

the cost of the application, the appraisal and the survey.

d)

nothing, as the lost profits from Developer's future development of the land are speculative.