Respuesta :
The builder will be unable to recover because the Escrow closed before the actual home delivery date of August 20.
What is an Escrow?
An escrow is a legal arrangement between a buyer and a seller in which they agree that a third party should temporarily hold money or property until the meeting of a particular condition.
In this instance, the contract condition was that the home should be delivered on or before August 15 when the escrow closes.
Thus, since the builder was not able to deliver before the closing of the escrow, he cannot recover the $20,000, which is the difference between the contract price and the ultimate sales amount.
Learn more about escrow agreements at https://brainly.com/question/27819266
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