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.

Question

Quizplus · Accepted Answer

Sergei can recover the difference between the value of the widget he expected to receive ($15,000) and the value of the widget he would have received had Marisa fulfilled her contractual obligation ($22,000). Therefore, Sergei is entitled to receive $12,000 in expectation damages.

On June 1, Sergei Contractually Agreed to Purchase a Widget