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Susan Enters into an Unconditional Agreement of Purchase and Sale

Question 26

Multiple Choice

Susan enters into an unconditional agreement of purchase and sale to buy a home owned by Alicia.The deal is scheduled to close on September 1.On June 10,less than three months prior to closing,Susan writes a letter to Alicia indicating that she has changed her mind and will not be buying her house.In these circumstances,the most likely scenario is for Alicia to :


A) treat the letter as constituting an anticipatory breach,treat the contract as discharged,and place the home back on the market reserving her rights to sue Susan.
B) seek a court injunction forcing Susan to close on September 1.
C) seek no court action because the contract is frustrated.
D) commence a lawsuit immediately for punitive damages.
E) sue the listing agent for failing to secure a larger deposit.

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