Tenn. Code Ann. § 47-2-713
This is the official text of Tenn. Code Ann. § 47-2-713, part of Tennessee’s Code Ann — part of the compiled statutory law of Tennessee, published by the state as "Code Ann." Browse the sections below, each linked to its official government source.
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Buyer's damages for nondelivery or repudiation
Official statutory text
(1) Subject to the provisions of this chapter with respect to proof of market price (§ 47-2-723 ), 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 (§ 47-2-715 ), 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. Acts 1963, ch. 81, § 1 (2-713).
(1) Subject to the provisions of this chapter with respect to proof of market price (§ 47-2-723 ), 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 (§ 47-2-715 ), 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.
Acts 1963, ch. 81, § 1 (2-713).
(1) Subject to the provisions of this chapter with respect to proof of market price (§ 47-2-723 ), 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 (§ 47-2-715 ), 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.
Acts 1963, ch. 81, § 1 (2-713).
Status: in_force
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