"Business Case Problem with Sample Answer" "After submitting the high bid at a foreclosure sale, David Simard entered into a contract to purchase real property in Maryland for $192,000. Simard defaulted (failed to pay) on the contract. A state court ordered the property to be resold at Simards expense, as required by state law. e property was then resold for $163,000, but the second pur-chaser also defaulted. e court then ordered a second resale, resulting in a nal price of $130,000. Assuming that Simard is liable for consequential damages, what is the extent of his lia-bility? Is he liable for losses and expenses related to the rst resale? If so, is he also liable for losses and expenses related to the second resale? Why or why not?"