Question 1: David wished to sell his condominium unit. He called Michelle who was then looking to buy a condominium unit for herself. They met and spoke over coffee. David then agreed to sell to Michelle his flat at the Tandra Condominium, and they shook hands on their deal. Michelle went to a nearby bank ATM, withdrew some cash and gave it to David as a token of her verbal agreement to purchase David's unit. She then started sourcing for a bank to finance her purchase. In the meantime, the market prices of units at the Tandra Condominium shot up unexpectedly. David refused to go through with the sale to Michelle. Michelle sued David.
Question 2: Assume that there was a valid agreement between David and Michelle, and it was Michelle who is unable to go through with the purchase of the unit because she cannot obtain a housing loan. David wants Michelle to complete the contract. Applying the law of contract, what remedy can DAVID ask the Court?