Development Associates (DA) agrees to buy five acres of land from Eastside Properties for $15,000. Eastside fails to go through with the deal on the agreed date, when the market price of the land is $17,000. If DA cannot recover the land, DA may recover in damages

Question

Quizplus · Accepted Answer

DA can recover the difference between the market price at the time of breach ($17,000) and the contract price ($15,000), which is $2,000.

Development Associates (DA) Agrees to Buy Five Acres of Land