Ordinarily, the Remedy for a Seller's Breach of a Contract

question 10

True/False

Ordinarily, the remedy for a seller's breach of a contract for a sale of real estate is damages.

---

Definitions:

Market Value

The present rate at which a service or asset is available for purchase or sale in the market.

Equity

The value of an asset after deducting the amount of all liabilities on that asset. In investing, it often refers to the ownership interest held by shareholders in a corporation.

Firm's Debt

The total amount of money a company owes to creditors, including loans, bonds, and other forms of debt.

Risk-Free Rate

The theoretical rate of return of an investment with zero risk of financial loss.