Question
Landover, the owner of an apartment house, entered into an enforceable written agreement with VanMeer to sell the apartment house to VanMeer. The agreement was
Landover, the owner of an apartment house, entered into an enforceable written agreement with VanMeer to sell the apartment house to VanMeer. The agreement was silent as to the risk of loss prior to closing, and there is no applicable statute in the state where the land is located. The premises were not insured. The day before the scheduled closing date, the property was wholly destroved by fire. When VanMeer refused to close. Landover brought an action for specific performance. If Landover prevails, the most likely reason will be that a-the failure of VanMeer to insure his interest as the purchaser of the property precludes any relief for him. b- the remedy at law is adequate in actions concerning real estate contracts and neither party is entitled to specific performance. c-equity does not permit consideration of surrounding circumstances in actions concerning real estate contracts. d-the doctrine of equitable conversion resulted in Van Meer being the equitable owner of the property.
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