Tammy sold a house to Andy for $200,000. Andy breached the contract. The market was falling, and Tammy was only able to sell the house, to another buyer, for $150,000. Tammy sued Andy. What will her remedy be?

Question

Quizplus · Accepted Answer

Tammy's remedy would be damages in the amount of $50,000, which represents the difference between the contract price ($200,000) and the price for which she was able to sell the house to another buyer ($150,000). This compensates her for the loss incurred due to Andy's breach.

Tammy Sold a House to Andy for $200,000