Quebec Real Estate Licensing Exam Practice · Question
After accepting a Promise to Purchase for their condominium in Laval, the sellers, unhappy with their new job transfer, decide they no longer wish to sell. They refuse to proceed with the transaction. The buyers sue for damages. Which of the following may be claimed as damages?
Damages for breach of a Promise to Purchase can include the difference between the agreed-upon price and the current market value (loss of profit), as well as e
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Question: After accepting a Promise to Purchase for their condominium in Laval, the sellers, unhappy with their new job transfer, decide they no longer wish to sell. They refuse to proceed with the transaction. The buyers sue for damages. Which of the following may be claimed as damages?
Answer options: ✅ The difference in market value if the property appreciated since the Promise was accepted.
- The emotional distress caused by the sellers' refusal to sell.
- The full sale price of the condominium.
- Only the legal fees incurred from the lawsuit.
Correct answer: The difference in market value if the property appreciated since the Promise was accepted.
Explanation: Damages for breach of a Promise to Purchase can include the difference between the agreed-upon price and the current market value (loss of profit), as well as expenses incurred, according to Article 1611 C.c.Q.
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