Illinois Code § 810 ILCS 5/2-713

Buyer's damages for non-delivery or repudiation.
Open in Lexace · Ask the AI about this section
(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.

‹ Prev All Illinois sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.