Developer agrees to buy land from Seller for $$200,000,$ on the condition that Developer can get a mortgage from Bank and makes a $$20,000$ down payment. Developer has the land surveyed $($at a cost of $$1,000)$ and pays $$500$ in application fees to Bank. Developer hires an appraiser for $$500($required by Bank for the mortgage$),$ who determines the land is worth $$400,000.$ Seller repudiates the contract and refunds Developer$$s down payment. If Developer sues Seller for reliance damages for breach, Developer will recover:

Question $4$ options:

a$)$

the cost of the application and the survey.

b$)$

the cost of the appraisal and the survey.

c$)$

the cost of the application, the appraisal, and the survey.

d$)$

nothing, as the lost profits from Developer's future development of the land are speculative.