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 will be entitled to recover from purchaser the following money damages:
A. 0
B. $100,000.00
C. $10,000.00
D. $90,000.00
Answer: C
You might also like to view...
The law imposes a more demanding obligation of disclosure if there is a ____________________ relationship between the parties than it does if the transaction is carried out at ____________________.
Fill in the blank(s) with the appropriate word(s).
?Charitable associations often create _______ to conduct business without exposing the individual owners to personal liability.
A. ?nonprofit corporations B. ?for-profit corporations C. ?partnerships D. ?closely held corporations
Which of the following statements is not true about aliens in the United States under an academic student visa?
A. They must be engaged in a full-time course of study. B. Their course of study must be an academic one. C. They are not allowed to work in the United States at all during their course of study. D. They must remain students in good standing at all times during their course of study.
What of the following is NOT an acceptable notice that a mark is registered with the USPTO?
a. ® b. TM c. "Reg. U.S. Pat. & Tm. Off.". d. Registered, U.S. Patent and Trademark Office