$12.$After submitting the high bid at a foreclosure sale, David Simardo entered a contract to purchase real estate in California for $$192,000.$ Simardo defaulted $($failed to pay$)$ on the contract. A state court ordered the property to be resold at Samardo's expense, as required by the state law. The property was then resold for $$163,000,$ but the second purchaser also defaulted. The court then ordered a second resale resulting in a final price of $$130,000.$ Assuming that Simardo is liable for consequential damages. What law applies?$|$