On June 1,Sergei contractually agreed to purchase a widget from Marisa.The total price was $15 000.Sergei paid $5000 immediately and promised to pay the remainder upon delivery.Although Marisa was required to deliver on July 15,she refused to do so.The market value of the widget was $15 000 on June 1,but $22 000 on July 15.Sergei is entitled to receive $12 000 in expectation damages.

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Sergei had a valid contractual agreement with Marisa to purchase a widget for $15 000. Marisa's breach of contract caused Sergei to miss out on the opportunity to purchase the widget at the market value of $22 000 on July 15. Sergei is entitled to expectation damages, which are designed to place him in the position he would have been in if the contract had been fulfilled. Therefore, he is entitled to $12 000, which represents the difference between the contract price and the market value on the date of the breach.

On June 1,Sergei Contractually Agreed to Purchase a Widget from Marisa.The