US Lawyer Database

Section 2-719 – Contractual Modification or Limitation of Remedy

    (1)    Subject to the provisions of subsections (2) and (3) of this section and of the preceding section on liquidation and limitation of damages,         (a)    The agreement may provide for remedies in addition to or in substitution for those provided in this title and may limit or alter the measure of damages recoverable under this title, as […]

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 2-706 – Seller’s Resale Including Contract for Resale

    (1)    Under the conditions stated in § 2-703 on seller’s remedies, the seller may resell the goods concerned or the undelivered balance thereof. Where the resale is made in good faith and in a commercially reasonable manner the seller may recover the difference between the resale price and the contract price together with any incidental damages […]

Section 2-707 – “Person in the Position of a Seller”

    (1)    A “person in the position of a seller” includes as against a principal an agent who has paid or become responsible for the price of goods on behalf of his principal or anyone who otherwise holds a security interest or other right in goods similar to that of a seller.     (2)    A person in the position […]

Section 2-708 – Seller’s Damages for Nonacceptance or Repudiation

    (1)    Subject to subsection (2) and to the provisions of this title with respect to proof of market price (§ 2-723), the measure of damages for nonacceptance or repudiation by the buyer is the difference between the market price at the time and place for tender and the unpaid contract price together with any incidental damages […]

Section 2-709 – Action for the Price

    (1)    When the buyer fails to pay the price as it becomes due the seller may recover, together with any incidental damages under the next section, the price         (a)    Of goods accepted or of conforming goods lost or damaged within a commercially reasonable time after risk of their loss has passed to the buyer; and         (b)    Of goods […]

Section 2-710 – Seller’s Incidental Damages

    Incidental damages to an aggrieved seller include any commercially reasonable charges, expenses or commissions incurred in stopping delivery, in the transportation, care and custody of goods after the buyer’s breach, in connection with return or resale of the goods or otherwise resulting from the breach.

Section 2-712 – “Cover”; Buyer’s Procurement of Substitute Goods

    (1)    After a breach within the preceding section 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 […]