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N.Y. UCC Law § 2-708

This is the official text of N.Y. UCC Law § 2-708, part of New York’s UCC Law — part of the compiled statutory law of New York, published by the state as "UCC Law." Browse the sections below, each linked to its official government source.

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Seller's Damages for Non-acceptance or Repudiation

Official statutory text

Section 2--708. Seller's Damages for Non-acceptance or Repudiation.\n (1) Subject to subsection (2) and to the provisions of this Article\nwith respect to proof of market price (Section 2--723), the measure of\ndamages for non-acceptance or repudiation by the buyer is the difference\nbetween the market price at the time and place for tender and the unpaid\ncontract price together with any incidental damages provided in this\nArticle (Section 2--710), but less expenses saved in consequence of the\nbuyer's breach.\n (2) If the measure of damages provided in subsection (1) is inadequate\nto put the seller in as good a position as performance would have done\nthen the measure of damages is the profit (including reasonable\noverhead) which the seller would have made from full performance by the\nbuyer, together with any incidental damages provided in this Article\n(Section 2--710), due allowance for costs reasonably incurred and due\ncredit for payments or proceeds of resale.\n

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.