1. Bill contracted with Jill to purchase property from Jill for $150,000. Bill gave Jill a $30,000 deposit. Two weeks later, Bill informed Jill that he would not purchase the property and asked for the $30,000 back. Jill refused to return the money.

a) Discuss and explain whether Bill is entitled to the $30,000 or can Jill keep it. Provide the basis for your response based on the rule of law.

3. Each question must be answered in a minimum of 300 words;

4. Each question must include at least three scholarly sources;