Buyer Bert can't believe that Seller Sam has had a last-second change of heart about entering into an agreement to sell his home to Bert. Sam has offered to refund Bert's earnest money and even pay him something in acknowledgment of Bert's inconvenience and disappointment, but Bert's not having it. He wants Sam's house. Choose the remedy for breach of trust that Bert will most likely take. demand specific performance initiate rescission accept compensatory damages settle for liquidated damages

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Buyer Bert can't believe that Seller Sam has had
a last-second
change of heart about entering into an
agreement to sell his
home to Bert. Sam has offered to refund Bert's
earnest money
and even pay him something in
acknowledgment of Bert's
inconvenience and disappointment, but Bert's
not having it. He
wants Sam's house.
Choose the remedy for breach of trust that Bert
will most likely
take.
demand specific performance
initiate rescission
accept compensatory damages
settle for liquidated damages
Transcribed Image Text:Buyer Bert can't believe that Seller Sam has had a last-second change of heart about entering into an agreement to sell his home to Bert. Sam has offered to refund Bert's earnest money and even pay him something in acknowledgment of Bert's inconvenience and disappointment, but Bert's not having it. He wants Sam's house. Choose the remedy for breach of trust that Bert will most likely take. demand specific performance initiate rescission accept compensatory damages settle for liquidated damages
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