Iowa Code § 554.2713

Current through bills signed by governor as of 4/19/2024
Section 554.2713 - Buyer's damages for nondelivery or repudiation
1. Subject to the provisions of this Article with respect to proof of market price (section 554.2723), 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 Article (section 554.2715), 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.

Iowa Code § 554.2713

C24, 27, 31, 35, 39, §9996; C46, 50, 54, 58, 62, § 554.68; C66, 71, 73, 75, 77, 79, 81, § 554.2713

Referred to in §554.2711, 554.2723