The measure of monetary damages for breach of a real estate contract is computed as follows:
A) the equivalent to 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 the 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 and the contract price at the time of default.

The Measure of Monetary Damages for Breach of a Real