Question: Real Estate Analytics, LLC ( REA ) , a limited liability company, became interested in Theodore Tee Vallas s 1 4 . 1 3 -
Real Estate Analytics, LLC REA a limited liability company, became interested in Theodore Tee Vallass acre Lanikai Lane property located in Carlsbad, California. REAs primary goal in purchasing the property was to make a profit for its investors and the company. In March, REA and Vallas entered into a written agreement for Vallas to sell the property to REA. Under the agreement, the sales price was $ million, with REA to pay an immediate $ deposit and then pay $ million at closing. In return, Vallas agreed to finance the remaining $ million, with the unpaid balance to be paid over a fiveyear period. On June Vallas cancelled the contract. The next day, REA brought a breach of contract action seeking specific performance. Explain whether REA is entitled to specific performance.
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