The seniors at Washington College booked their Graduation Ball at the Washington Plaza Hotel for June 1. The student activities director signed the contract and sent a deposit of $ 500 to the hotel as required to guarantee the booking. Two weeks before the ball, the seniors decided instead to hold the affair at the new convention center just down the street from the Washington Plaza Hotel. The student activities director went along with the change and signed another contract with the manager of the convention center. The student activities director then called the Washington Plaza Hotel and canceled. What action, if any, can the hotel take?