2023 Florida Statutes
< Back to Statute SearchTitle XXXIX COMMERCIAL RELATIONS
Chapter 672
UNIFORM COMMERCIAL CODE: SALES
SECTION 713Buyer’s damages for nondelivery or repudiation.
672.713 Buyer’s damages for nondelivery or repudiation.—
(1) Subject to the provisions of this chapter with respect to proof of market price (s. 672.723), 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 (s. 672.715), 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.
History.—s. 1, ch. 65-254.
Note.—s. 2-713, U.C.C.