contestada

A landowner contracted in writing to sell a lot to a brother and a sister, as joint tenants, for $60,000. The brother and the sister put up $6,000 as earnest money. Before the closing date, the landowner died. Shortly thereafter, and also before the closing date, a garage on the lot burned down. The garage had a fair market value of $6,500 and was a complete loss. After the fire, the brother demanded that the executor of the landowner's estate return the $6,000, because the brother and sister were no longer interested in the property. The executor refused and told the brother that he expected the brother and sister to tender the $54,000 due on the property when the closing date arrived. The brother and sister did not do so. The brother filed suit demanding a refund of the $6,000. The executor countersued, demanding specific performance by the brother and sister or, in the alternative, monetary damages. Absent any applicable statutes, how should the court rule

Respuesta :

The way that the court should rule is that it will rule in favor of the executor, by requiring specific performance of the brother and sister.

How should the court rule?

The court should require specific performance of the brother and sister. When a transfer of land is preceded by a contract for sale, the risk of loss to the property during that time interval is imposed on the buyer in most jurisdictions.

Consequently, the brother and sister were still under a duty to tender the amount due on the property and their failure to do so puts them in breach of contract, allowing the executor to obtain specific performance.

Learn more about court on:

https://brainly.com/question/18228641

#SPJ1