Tom Agreed to Buy Lisa's House for $1,000,000 and Paid

Multiple Choice

Tom agreed to buy Lisa's house for $1,000,000 and paid a $100,000 down payment. But as the closing date approached house prices began to drop so Tom refused to complete the deal. Lisa then resold the house for $800,000. As a result, which of the following statements is FALSE?

A) Tom will get back his $100,000
B) Tom will not get back his $100,000 but that is all he has to pay
C) Tom will not get back his $100,000 and he will also have to pay Lisa $100,000 more
D) Tom will not get back his $100,000 and he will also have to pay Lisa $200,000 more
E) Tom will not get back his $100,000 and he will have to pay pecuniary and punitive damages