(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.
Section: Previous 11-2-706 11-2-707 11-2-708 11-2-709 11-2-710 11-2-711 11-2-712 11-2-713 11-2-714 11-2-715 11-2-716 11-2-717 11-2-718 11-2-719 11-2-720 NextLast modified: October 14, 2016