Question: answer the question based on IRAC METHOD ( ISSUE RULE ANALYSIS CONCLUSION ) : The buyer of real estate made a down payment. The contract

answer the question based on IRAC METHOD ( ISSUE RULE ANALYSIS CONCLUSION) : The buyer of real estate made a down payment. The contract stated that the buyer would be liable for damages in an amount equal to the down payment if the buyer broke the contract. The buyer refused to go through with the contract and demanded his down payment back. The seller refused to return it and
claimed that he was entitled to additional damages from the buyer because the damages that he had suf- fered were greater than the amount of the down pay- ment. Decide. [Waters v Key Colony East, Inc., 345 So 2d 367(Fla App)] state that: down payment is liquaded damages for th breach of contract

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