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Home » US Law » 2022 Maryland Statutes » Commercial Law » Title 2 - Sales » Subtitle 7 - Remedies

Section 2-721 – Remedies for Fraud

    Remedies for material misrepresentation or fraud include all remedies available under this title for nonfraudulent breach. Neither rescission or a claim for rescission of the contract for sale nor rejection or return of the goods shall bar or be deemed inconsistent with a claim for damages or other remedy.

Section 2-722 – Who Can Sue Third Parties for Injury to Goods

    Where a third party so deals with goods which have been identified to a contract for sale as to cause actionable injury to a party to that contract         (a)    A right of action against the third party is in either party to the contract for sale who has title to or a security interest or a […]

Section 2-723 – Proof of Market Price; Time and Place

    (1)    If an action based on anticipatory repudiation comes to trial before the time for performance with respect to some or all of the goods, any damages based on market price (§ 2-708 or § 2-713) shall be determined according to the price of such goods prevailing at the time when the aggrieved party learned of […]

Section 2-724 – Admissibility of Market Quotations

    Whenever the prevailing price or value of any goods regularly bought and sold in any established commodity market is in issue, reports in official publications or trade journals or in newspapers or periodicals of general circulations published as the reports of such market shall be admissible in evidence. The circumstances of the preparation of such […]

Section 2-725 – Statute of Limitations in Contracts for Sale

    (1)    An action for breach of any contract for sale must be commenced within four years after the cause of action has accrued. By the original agreement the parties may reduce the period of limitation to not less than one year but may not extend it.     (2)    A cause of action accrues when the breach occurs, regardless […]