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N.J. Stat. Ann. § 12A:2-713

Buyer's damages for non-delivery or repudiation

Applied in 1 court decision — leading case 762 F. Supp. 1339 - Rash Ranco Corp. v. B.L.B. Inc. (1991)

Most recently applied in 762 F. Supp. 1339 - Rash Ranco Corp. v. B.L.B. Inc. (May 1991)

L.1961, c. 120, s. 2-713.

(1) Subject to the provisions of this Chapter with respect to proof of market price (12A: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 Chapter (12A: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.

Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.