What is the range of damages for damages for breach of a contract where the contract price of a parcel of land was significantly lower than the value of the land at the time the contract was signed?
British Columbia, Canada
The following excerpt is from MacLean v. Nietschmann Development Corporation, 1982 CanLII 706 (BC SC):
I find the plaintiffs are entitled to damages represented by the difference in the contract price and the value of the land at a date which gives them a reasonable time to sell the property after the breach. This would give the plaintiffs a reasonable time to mitigate their loss: Radford v. De Froberville, [1978] 1 W.L.R. 1262, [1978] 1 All E.R. 33.
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