Find what a lawsuit filed by the buyers would be for

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Problem 1: An owner signed a contract to sell an apartment building. Just before closing, the owner informed the buyers that she had changed her mind and would NOT sell the property. A lawsuit filed by the buyers would be for:

1. specific performance
2. lis pendens
3. quiet title action
4. a deficiency judgement

Problem 2: The seller has entered into an exclusive right to sell agreement with Terry Hill. Ms. Hill presents the seller with an offer to purchase which is 20% less than the list price. Which of the following.

A. The seller is obligated to pay Ms. Hill a commission or the offer price if the seller rejects the offer.
B. The seller is under no obligation to accept the offer or make a counteroffer.
C. The seller has 72 hours to submit a counteroffer or else the offer is considered to be accepted.
D. The seller is obligated to make a counteroffer to the buyer if the offer is unacceptable.

Reference no: EM132832409

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