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.DA may recover
A)$17,000.
B)$15,000.
C)$2,000.
D)$0.

Question

Quizplus · Accepted Answer

DA may recover the difference between the market price and the contract price, which is $2,000.

Development Associates (DA)agrees to Buy Five Acres of Land from Eastside