On May 1, George Contractually Agreed to Purchase a Painting

Multiple Choice

On May 1, George contractually agreed to purchase a painting from Laura for $50 000.On that date, George prepaid half of the purchase price and promised to pay the other half upon delivery.Laura promised to deliver the painting to George on June 1.In anticipation of receiving the painting, George spent $10 000 building a special display case in his home.On May 15, the artist who created the painting died and the value of the painting immediately increased to $75 000.Laura therefore refused to deliver the painting to George.George is entitled to receive

A) no more than $10 000 as reliance damages.
B) $25 000 in expectation damages.
C) $50 000 in expectation damages.
D) $75 000 in expectation damages.
E) $35 000 in expectation damages.