21-2-4. Damages for breach of agreement to purchase real property.
The detriment caused by the breach of an agreement to purchase an estate in real property, is deemed to be the excess, if any, of the amount which would have been due to the seller under the contract, over the value of the property to him.
Source: CivC 1877, §1954; CL 1887, §4587; RCivC 1903, §2299; RC 1919, §1971; SDC 1939 & Supp 1960, §37.1806.