On July 14, 1990 defendant entered into a contract to purchase plaintiffs' home for $312,000. Defendant did not appear to close the transaction on November 9, 1990 and was thereby in default. Plaintiffs immediately placed their property back on the market and in September 1991 they entered into a contract of sale for $241,000. They closed on that sale on October 24, 1991. Plaintiffs commenced this action against defendant and, following a...
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