LGST 369Choose one case from the two options and what is the case analysis for it?

1) Tinh agrees to purchase land that Ed plans to carve out from his property . Tinh pays a large cash deposit to Ed , the closing date is set for six month away, they shake hands on the deal . Ed falls on hard times and he realized that he cannot subdivide his land since he cannot afford to lose any equity or the bank will foreclose on his mortgage. on the agreed closing date , he sends Tinh an email to back out of the deal . Worse still , Ed los the cash deposit of the horsetrack and canno afford to pay Tinh back. Ed Feels terrible and avoids Tinh's calls. Tinh sues Ed for breach of contract and specific performance . How will the Statute of frauds be applied in this case ? what is the legal effect of Tinh and Ed's deal ? 2) Elise and Kim are trying to decide how to set up the internal management structure of the corporation they have just incorporated to carry out their andwas engineering consulting business. They ead hold 359 of the shares, with the remaining held by five employees. Elise will run the business. She will be responsible for all aspects of the manag of the office . Kim will be passive investor , but