Indiana § 26-1-2-712 "Cover"; buyer's procurement of substitute goods

Indiana Statutes

§ 26-1-2-712 — "Cover"; buyer's procurement of substitute goods

Indiana·Title 26 COMMERCIAL LAW·Art. 1 UNIFORM COMMERCIAL CODE·Ch. 2 Sales

(1)After a breach within IC 26-1-2-711, 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 (IC 26-1-2-715), 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 him from any other remedy. Formerly: Acts 1963, c.317, s.2-712. As amended by P.L.152-1986, SEC.170.

Free access — add to your briefcase to read the full text and ask questions with AI

(1) After a breach within IC 26-1-2-711,
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 (IC 26-1-2-715), 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 him from any other remedy.
Formerly: Acts 1963, c.317, s.2-712. As amended by
P.L.152-1986, SEC.170.

Indiana § 26-1-2-712 ("Cover"; buyer's procurement of substitute goods) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.