A contracts to buy rare souvenir for $12,000. A later discovers that the souvenir is not rare and it is made in China;

4. A contracts to buy rare souvenir for $12,000. A later discovers that the souvenir is not rare and it is made in China; however, A keeps it anyway. The souvenir is worth $5,000. Had it been so rare, it would be worth $13,000. A’s loss in value damages are:

a) $7,000
b) $9,000
c) $12,000
d) $ 1,000
e) None of the above