Question
3. In September, Buyer and Seller entered into a written agreement by which Buyer was to purchase Seller's residence for $205,000. The sales escrow was
3. In September, Buyer and Seller entered into a written agreement by which Buyer was to purchase Seller's residence for $205,000. The sales escrow was to close on December 1. However, Buyer defaulted, and the sale did not take place. On December 7, Seller entered into a second contract to sell the property to another party. Under this second sales agreement, the purchase price was $215,000. The second sale proceeded to close on February 15. During the period from December 1 (when Buyer breached) to February 15 (when the second contract closed) the Seller incurred costs of $3,000 for insurance, gardening, property taxes, utilities, and interest payments on its mortgageall of which are costs Seller would not have had if Buyer had not breached. What are Seller's expectation damages? Explain your reasoning.
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