(1) Subject to the provisions of this article with respect to proof of market price (G.S. 25-2-723), 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 (G.S. 25-2-715), 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. (1965, c. 700, s. 1.)
Sections: Previous 25-2-705 25-2-706 25-2-708 25-2-709 25-2-710 25-2-711 25-2-712 25-2-713 25-2-714 25-2-715 25-2-716 25-2-717 25-2-718 25-2-719 25-2-720 Next
Last modified: March 23, 2014