A chef agrees to buy a rare spice from a supplier for $10,00…
A chef agrees to buy a rare spice from a supplier for $10,000, which he needs to use in a cooking contest. The chef pays the supplier $10,000 but the supplier refuses to supply the spice. Unfortunately, the chef cannot find a replacement supplier except at a price of $12,000 which he cannot afford to pay. As a result, he misses the contest, which has a grand prize of $50,000. The chef has won the contest the last five years and was viewed as the heavy favorite to win again this year. The chef sues the supplier for breach of contract and wins. How much is the chef likely to be awarded for damages?