Case Analysis Assignment #$3$

$($May be done individually or in groups of $2$ or $3-$ no larger group than $3.)$

Examine Potter v$.$ Oster, $426$ N$.$W$.2$d $148($Iowa $1988).$ The case is attached hereto and excerpted in detail. Review the case and brief the case.

Brief cases in this form:

Facts

Issue

Decision

Rationale

Answer these questions at the end of your brief:

Why was Oster appealing the trial court's decision?

Why did Oster assert that allowing the remedy recission and restitution in this case would lead to an inequitable result?

According to the court, what three requirements must be met before rescission will be granted?

Did the Potters meet these three requirements, and if so why?

What reasons did the court give for its conclusion that remedies at law were inadequate in this case?

Why are the remedies at law presumed inadequate for breach of real estate contracts?