The measure of monetary damages for breach of a real estate contract is computed as follows:
A) The equivalent of the purchase or sale price
B) The difference between fair market value of the property and contract price at time of default
C) The difference between fair market value of the property and contract price at time of lawsuit
D) Reimbursement for any expenses incurred by injured party

Question

Quizplus · Accepted Answer

The measure of damages for breach of a real estate contract is typically the difference between the fair market value of the property at the time of default and the contract price. This reflects the actual loss suffered due to the breach.

The Measure of Monetary Damages for Breach of a Real