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This entry was published on 2014-09-22
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Buyer's Damages for Non-Delivery or Repudiation
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 2, PART 7
Section 2--713. Buyer's Damages for Non-Delivery or Repudiation.

(1) Subject to the provisions of this Article with respect to proof of
market price (Section 2--723), the measure of damages for non-delivery
or repudiation by the seller is the difference between the market price
at the time when the buyer learned of the breach and the contract price
together with any incidental and consequential damages provided in this
Article (Section 2--715), but less expenses saved in consequence of the
seller's breach.

(2) Market price is to be determined as of the place for tender or, in
cases of rejection after arrival or revocation of acceptance, as of the
place of arrival.