Indiana § 26-1-2-713 Buyer's damages for nondelivery or repudiation

Indiana Statutes

§ 26-1-2-713 — Buyer's damages for nondelivery or repudiation

Indiana § 26-1-2-713

Title 26COMMERCIAL LAW

Art. 1UNIFORM COMMERCIAL CODE

Ch. 2Sales

This text of Indiana § 26-1-2-713 (Buyer's damages for nondelivery or repudiation) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 26-1-2-713 (2026).

Text

(1)Subject to the provisions of IC 26-1-2-723 with respect to proof of market price, 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 IC 26-1-2-715, 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. Formerly: Acts 1963, c.317, s.2-713. As amended by P.L.152-1986, SEC.171.

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(1) Subject to the provisions of IC 26-1-2-723 with respect to proof of market price, 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 IC 26-1-2-715, 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.
Formerly: Acts 1963, c.317, s.2-713. As amended by
P.L.152-1986, SEC.171.