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Linnea Contracts to Buy Harriette's Farm for $300,000 and Puts

Question 55

Multiple Choice

Linnea contracts to buy Harriette's farm for $300,000 and puts $20,000 down.Then Linnea learns she is allergic to hay and repudiates the contract.If Harriette can sell the farm one month later for $290,000,she may:


A) keep Linnea's $20,000.
B) keep $10,000 of Linnea's down payment.
C) not keep any of the down payment money.
D) sue for specific performance.

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