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Erma Enters into a Contract to Buy a Tract of Lakefront

Question 37

Multiple Choice

Erma enters into a contract to buy a tract of lakefront property from Forest Acres to build and sell a residential development. Forest Acres fails to close the sale. Erma's remedy is most likely


A) the amount that Erma invested in the project to the date of the closing.
B) nothing-Forest Acres still owns the land.
C) the difference between the contract and market prices of the land.
D) specific performance.

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