(810 ILCS 5/2-713) (from Ch. 26, par. 2-713)
Sec. 2-713.
Buyer's damages for non-delivery or repudiation.
(1) Subject to the provisions of this Article with respect to proof of
market price (Section 2-723), the measure of damages for non-delivery 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 Article
(Section 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.
(Source: Laws 1961, p. 2101.)
|