New Mexico § 55-2-712 "Cover"; buyer's procurement of substitute goods

New Mexico Statutes

§ 55-2-712 — "Cover"; buyer's procurement of substitute goods

New Mexico § 55-2-712

Ch. 55Uniform Commercial Code

Art. 2Sales

This text of New Mexico § 55-2-712 ("Cover"; buyer's procurement of substitute goods) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 55-2-712 (2026).

Text

(1)After a breach within the preceding section [55-2-711 NMSA 1978] 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 (Section 2-715 [55-2-715 NMSA 1978] ), 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.

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(1) After a breach within the preceding section [55-2-711 NMSA 1978] 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 (Section 2-715 [55-2-715 NMSA 1978] ), 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.