Question

Winston contracts to sell a plot of land called Blackacre to Paris for $500,000. Winston breaches the contract and Paris sues him. Blackacre's reasonable market value at the time of the breach was $525,000. Paris can recover: Group of answer choices only $25,000.

Answer 1

Answer:

Correct Answer:

C) only $25,000.

Explanation:

In the case between Blackacre and Paris over the piece of land, the value recoverable will be the difference between the original value of the land the the newest value of the land when the breach of contract occurs. Hence, the only amount recoverable by Paris would be $25, 000.