Estelle enters into a contract to buy 132 acres from Desmond to subdivide and sell in quarter-acre lots for Country Acres, a residential development. If Desmond breaches the contract, Estelle's remedy would most likely be

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26-07-2022
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Estelle enters into a contract to buy 132 acres from Desmond to subdivide and sell in quarter-acre lots for Country Acres, a residential development. If Desmond breaches the contract, Estelle's remedy would most likely be

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okpalawalter8 okpalawalter8 · Answer 1 · 2022-08-03T17:12:46+02:00

Estelle enters into a contract to buy 132 acres from Desmond to subdivide and sell in quarter-acre lots for Country Acres, a residential development. If Desmond breaches the contract, Estelle's remedy would most likely be specific performance. Option D

This is further explained below.

What is contract?

Generally, a legally binding written or verbal agreement, particularly one involving employment, sales, or tenancy.

In conclusion, An agreement has been reached to purchase 132 acres from Desmond to be subdivided and sold in quarter-acre lots for the construction of Country Acres. The most probable recourse for Estelle in the event of Desmond's default is particular performance.