Osif owned Broadacres in fee simple. For a consideration of $5,000, Osif gave Bard a written option to purchase Broadacres for $300,000. The option was assignable. For a consideration of $10,000, Bard subsequently gave an option to Cutter to purchase Broadacres for $325,000. Cutter exercised his option. Bard thereupon exercised his option. Bard paid the agreed price of $300,000 and took title to Broadacres by deed from Osif. Thereafter, Cutter refused to consummate his purchase. Bard brought an appropriate action against Cutter for specific performance, or, if that should be denied, then for damages. Cutter counterclaimed for return of the $10,000. In this action the court will
grant money damages only to Bard. grant specific performance to Bard. grant Bard only the right to retain the $10,000.  require Bard to refund the $10,000 to Cutter