Question
Scott agreed to sell to Benny his property at the Fave Condominium. Benny paid the initial deposit to Scott, and started sourcing for a bank
Scott agreed to sell to Benny his property at the Fave Condominium. Benny paid the initial deposit to Scott, and started sourcing for a bank to finance his purchase. In the meantime, the market prices of units at the Fave Condominium shot up unexpectedly. Scott refused to go through with the sale to Benny. Benny sued Scott.
(a) Scott has obviously breached his agreement for sale with Benny. What would be a sufficient remedy for Benny?
A. Difference in the price of another unit in the same condominium and the contract price of Scott's unit.
B. An order for an injunction to stop Scott from selling his unit to someone else.
C. An order for specific performance to force Scott to complete the sale of his unit to Benny.
D. Any one of the above 3 options
(b) If Benny is unable to go through with the purchase of the unit, but Scott wants to hold him to the contract, what can Scott ask of the Court?
A. Difference in the price that he sells it to another party, and the contract price with Benny.
B. An order for an injunction to stop Benny from breaching the contract.
C. An order for specific performance to force Benny to complete the purchase of his unit from Scott.
D. Any one of the above 3 options.
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