On April 1, Owner and Buyer signed a writing in which Owner, "in consideration of $100 to be paid to Owner by Buyer," offered Buyer the right to purchase Greenacre for $100,000 within 30 days. The writing further provided, "This offer will become effective as an option only if and when the $100 consideration is in fact paid." On April 20, Owner, having received no payment or other communication from Buyer, sold and conveyed Greenacre to Citizen for $120,000. On April 21, Owner received a letter from Buyer enclosing a cashier's check for $100 payable to Owner and stating, "I am hereby exercising my option to purchase Greenacre and am prepared to close whenever you're ready." Assume that, for whatever reason, Buyer prevails in the suit against Owner. Which of the following is Buyer entitled to recover? 
Nominal damages only, because the remedy of specific performance was not available to Buyer.  The fair market value, if any, of an assignable option to purchase Greenacre for $100,000.  $20,000, plus the amount, if any, by which the fair market value of Greenacre on the date of Owner's breach exceeded $120,000.  The amount, if any, by which the fair market value of Greenacre on the date of Owner's breach exceeded $100,000.
Question: On April 1, Owner and Buyer signed a writing in which Owner, "in consideration of $100 to be paid to Owner by Buyer," offered Buyer the right to purchase Greenacre for $100,000 within 30 days. The writing further provided, "This offer will become effective as an option only if and when the $100 consideration is in fact paid." On April 20, Owner, having received no payment or other communication from Buyer, sold and conveyed Greenacre to Citizen for $120,000. On April 21, Owner received a letter from Buyer enclosing a cashier's check for $100 payable to Owner and stating, "I am hereby exercising my option to purchase Greenacre and am prepared to close whenever you're ready." Assume that, for whatever reason, Buyer prevails in the suit against Owner. Which of the following is Buyer entitled to recover? 
A. Nominal damages only, because the remedy of specific performance was not available to Buyer. 
B. The fair market value, if any, of an assignable option to purchase Greenacre for $100,000. 
C. $20,000, plus the amount, if any, by which the fair market value of Greenacre on the date of Owner's breach exceeded $120,000. 
D. The amount, if any, by which the fair market value of Greenacre on the date of Owner's breach exceeded $100,000.
Answer: