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Seller Enters into a Contract with Purchaser to Sell Real

Question 12

Multiple Choice

Seller enters into a contract with purchaser to sell real property for $100,000.00. Purchaser defaults on the contract, and at the time of default the fair market value of the property is $90,000.00. Seller shall be entitled to recover from purchaser the following money damages:


A) 0
B) $100,000.00
C) $10,000.00
D) $90,000.00

Correct Answer:

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