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Grandma entered into a contract to sell her restaurant.

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Grandma entered into a contract to sell her restaurant to B. Wolf for $500,000. Wolf was required to pay the entire amount at closing. The closing date arrives and Grandma changed her mind and refuses to sell. What type of relief is Wolf most likely entitled to?

Provide examples, laws, or other relevant information to support your answer.

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Solution Summary

This solution discusses the type of relief that Wolf is entitled to in the transaction with Grandma selling her restaurant.

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Wolf's attorney will likely bring charges against Grandma for specific performance. A specific performance lawsuit is based on a breach of contract. Essentially, one party breaks the contract in an illegal manner. ...

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