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

Question 2

Multiple Choice

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


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

Correct Answer:

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