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Georgia State Code
Title      11
Chapter       2  
Section Navigation   101 ... 203       204 ... 303   
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Section<<< 712 713 714 715 716 717 718 719 720 721 >>>  
Title 11, Chapter 2, Section 713 (11-2-713)
Buyer's damages for nondelivery or repudiation.

(1) Subject to the provisions of this article with respect to proof of market price (Code Section 11-2-723), the measure of damages for nondelivery 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 (Code Section 11-2-715), 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.

Defined terms referenced in this section:
Saturday May 23 16:55 EDT


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