Seller and Purchaser Enter into a Contract to Purchase Real

question 29

Multiple Choice

Seller and purchaser enter into a contract to purchase real property at a fair market value of $100,000. Seller refuses to perform the contract, and at the time of seller's default, the fair market value of the property is $110,000. The purchaser can recover from the seller the following money damages:

• A) $100,000.
• B) 0.
• C) $10,000.
• D) $110,000.

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Definitions:

Steiner

A psychologist known for his formulations on group productivity, specifying that the actual productivity of a group is based on its potential productivity minus losses due to faulty group processes.

Self-Awareness

The conscious knowledge of one's own character, feelings, motives, and desires.

Social Facilitation

The phenomenon where an individual's performance improves when in the presence of others.

Attentional Consequences

The outcomes or effects on cognitive processes resulting from where and how attention is focused.