Hypos for real estate contract breach
i. original buyer
ii. downstream buyer
i. 25 years passes
ii. Everyone has moved to combination of solar panels and fuel cells
iii. Claim breach of warranty
iv. Downstream buyer
i. Original buyer
ii. Downstream buyer
i. 800K contract, sell 1 year later for 700K; seller seeks
1. $100K actual damages
2. mortgage interest for one year
3. punitive ds
4. TV ads, Google ad words
5. Out of work sister stays there, stipend for 5K per month
6. offset $80K deposit?
ii. 800K contract, buyer thinks prices will fall further, they actually go up; sell 1 year later for $1 million
1. may seller keep $80K deposit?
2. May buyer change her mind for the second time?