Define homer declares bankruptcy

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Whitman and Homer enter into a contract in which Whitman agrees to sell Homer weather balloons. Before the balloons are delivered, Homer declares bankruptcy. If Whitman withholds delivery under the contract, then Homer

Will prevail in a suit against Whitman for specific performance.
Will prevail in a suit against Whitman for breach of contract.
Can acquire the balloons only if he pays cash.
Cannot acquire the balloons under any circumstances.

 

Reference no: EM131621141

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