South Carolina § 36-2-713 Buyer's damages for nondelivery or repudiation.

South Carolina Statutes

§ 36-2-713 — Buyer's damages for nondelivery or repudiation.

South Carolina·Title 36 COMMERCIAL CODE·Ch. 2 COMMERCIAL CODE—SALES

(1)Subject to the provisions of this chapter with respect to proof of market price (SECTION 36-2-723), 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 this chapter (SECTION 36-2-715), 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.

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(1) Subject to the provisions of this chapter with respect to proof of market price (SECTION 36-2-723), 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 this chapter (SECTION 36-2-715), 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.

South Carolina § 36-2-713 (Buyer's damages for nondelivery or repudiation.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.