New Jersey § 12A:2-713 Buyer's damages for non-delivery or repudiation

New Jersey Statutes

§ 12A:2-713 — Buyer's damages for non-delivery or repudiation

New Jersey § 12A:2-713

Title 12ACOMMERCIAL TRANSACTIONS

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

Bluebook

N.J. Stat. Ann. § 12A:2-713 (2026).

Text

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

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