On March 22, by a written memorandum signed by both parties,…
On March 22, by a written memorandum signed by both parties, the seller agreed to sell and the buyer to buy a described parcel of real estate. The contract called for a closing of title on May 30 and fixed all other terms, but it did not indicate the price to be paid. On May 30, the buyer tendered $60,000 cash, but the seller refused to convey the real estate. The buyer subsequently instituted an action against the seller for specific performance of the contract and offered evidence that $60,000 was the fair market value of the real estate both on March 22 and May 30. The buyer’s suit against the seller should