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Measure of Damages for Breach of a Contract to Purchase Real Property

An in-depth look at <i>White v. Farrell</i>, decided last month, and what it means for breach of a contract.

17 minute read April 29, 2013 at 05:31 PM
By
Stewart E. Sterk
Measure of Damages for Breach of a Contract to Purchase Real Property

Suppose a buyer contracts to purchase a retail shopping center for $10 million, paying a deposit of $100,000. Two weeks later, the buyer has second thoughts, and informs the seller that it will not close on the sale contract, and that buyer is prepared to forfeit the deposit.

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