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Iowa Code § 554.2712

“Cover” — buyer’s procurement of substitute goods

Known as the Uniform Commercial Code

The act spans §§ 554–554 (631 sections).

[C66, 71, 73, 75, 77, 79, 81, §554.2712] 2008 Acts, ch 1032, §77

1. After a breach within section 554.2711 the buyer may “cover” by making in good faith and without unreasonable delay any reasonable purchase of or contract to purchase goods in substitution for those due from the seller.

2. The buyer may recover from the seller as damages the difference between the cost of cover and the contract price together with any incidental or consequential damages as hereinafter defined (section 554.2715), but less expenses saved in consequence of the seller’s breach.

3. Failure of the buyer to effect cover within this section does not bar the buyer from any other remedy.

Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.