Question

Development associates (da) agrees to buy five acres of land from eastside properties for $15,000. eastside fails to go through with the deal on the agreed date, when the market price of the land is $17,000. da may recover

Answer 1

$2,000 is the amount of money that the Development associates may recover. When the Eastside fails to go through with the deal on the agreed date, when the market price of the land is $17,000 then the price of the land on the agreed date is only $15,000. So the DA may recover the $2,000.