• Developer agrees to buy land from Seller for $200,000, on the condition that Developer can get a mortgage from Bank, and makes a $20,000 down payment. Developer has the land surveyed (at a cost of $1,000) and pays $500 in application fees to Bank. Developer hires an appraiser for $500 (required by Bank for the mortgage), who determines the land is worth $400,000. Seller repudiates the contract and refunds Developer's down payment. If Developer sues Seller for damages for breach, What will Developer recover?

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