On June 1, Sergei Contractually Agreed to Purchase a Widget

True/False

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.