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 14.13-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 $8.5 million, with REA to pay an immediate $100,000 deposit and then pay $2.9 million at closing. In return, Vallas agreed to finance the remaining $5.5 million, with the unpaid balance to be paid over a five-year period. On June 14, 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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