§ 554.2708 — Seller’s damages for nonacceptance or repudiation

Iowa § 554.2708

• Jurisdiction: Iowa
• Title XIII: COMMERCE
• Ch. 554: UNIFORM COMMERCIAL CODE

Text

1. Subject to subsection 2 and to the provisions of this Article with respect to proof of
market price (section 554.2723), the measure of damages for nonacceptance or repudiation
by the buyer is the difference between the market price at the time and place for tender
and the unpaid contract price together with any incidental damages provided in this Article
(section 554.2710), but less expenses saved in consequence of the buyer’s breach.
2. If the measure of damages provided in subsection 1 is inadequate to put the seller in as
good a position as performance would have done then the measure of damages is the profit
(including reasonable overhead) which the seller would have made from full performance by
the buyer, together with any incidental damages provided in this Article (section 554.2710),
due allowance for costs reasonably incurred and due credit for payments or proceeds of
resale.

Legislative History

[C24,27,31,35,39,§9993; C46,50,54,58,62,§554.65; C66,71,73,75,77,79,81,§554.2708]