South Boston Elderly Residences, Inc. v. Moynahan (2017)

Citation: South Boston Elderly Residences, Inc. v. Moynahan (2017)
Parent Document: South Boston Elderly Residences, Inc. v. Moynahan (2017)
Jurisdiction: Massachusetts (state)
Effective Date: 2017-05-09
Original Source: https://www.courtlistener.com/opinion/4389766/south-boston-elderly-residences... ↗

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"The usual formula for measuring damages for breach of a
     real estate purchase and sale agreement -- the difference
     between the contract price and the market value on the date
     of the breach -- is merely a different formulation of the
     general rule for measuring contract damages. In the usual
     case, the contract price less the market value represents
     the seller's actual loss, and the formula, therefore,
     affords the injured seller an adequate remedy. In some
     cases, however, the actual loss suffered . . . exceeds the
     amount yielded by that formula."

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