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Lynne Agrees to Buy Harriette's Farm for $200,000 and Puts

Question 2

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Lynne agrees to buy Harriette's farm for $200,000 and puts $20,000 down.Then Lynne learns she is allergic to hay and repudiates the contract.If Harriette can sell the farm in a good faith transaction for $190,000 a month later, she may:


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

Correct Answer:

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