Bernardini v. Stefanowicz Corp.

The question we are here asked to resolve is whether, in connection with the granting of specific performance of contracts for the purchase of lots upon which single-family residential units were to be constructed, the purchasers were entitled to an award of compensation measured not only by their out-of-pocket losses, but also by the “fair market net rental value” * 1 of their dwellings during the period of delay in construction. The Chancellor, Saíne, J., made a total award to the appellants of $20,875, constituting their out-of-pocket losses plus interest on their deposits. They assert on…