Seller Enters into a Contract with Purchaser to Sell Real

question 54

Multiple Choice

Seller enters into a contract with purchaser to sell real property for $100,000. 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.
• C) $10,000.
• D) $90,000.

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Definitions:

Takeoff

The stage in a product, project, or economy's life cycle when growth accelerates rapidly after a period of relative stability or slow growth.

Success-Disengagement

The process of stepping back or reducing involvement from an active professional role or business after achieving desired goals or success.

Existence

The state or fact of living or being present; in a business context, it often pertains to the current operational status of a company.

Takeoff

The phase in a company's or product's life cycle where growth becomes rapid and significantly visible.