Explain does calvin have a cause of action against henry

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Reference no: EM133307877

Topic: Practice Essay #1 Henry borrows $500k from Calvin and gives Calvin a mortgage on Henry's property, Blackacre, which is valued at $600k. Thereafter, a local municipality partially condemns Blackacre, reducing its FMV to $500k.

Question: Does Calvin have a cause of action against Henry after condemnation? Explain fully.

Reference no: EM133307877

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