On June 1, Sergei Contractually Agreed to Purchase a Widget

question 40

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.

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Definitions:

Trigger

A stimulus that initiates a reaction or process, often used to describe events or conditions that lead to an undesired response, such as substance use.

Cognitive Model

A theoretical framework used in psychology that emphasizes the role of mental processes in understanding and responding to the world.

Substance Use

The consumption of drugs, alcohol, or other chemicals, which can range from casual use to severe substance use disorders.

REBT

Rational Emotive Behavior Therapy; a form of cognitive-behavioral therapy that helps individuals identify and change irrational beliefs that lead to emotional and behavioral issues.