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Current as of January 01, 2024 | Updated by FindLaw Staff
1. Subject to subsection 2 and to the provisions of this chapter with respect to proof of market price (section 41-02-102), the measure of damages for nonacceptance or repudiation by the buyer is the difference between the market price at the time and place for tender and the unpaid contract price together with any incidental damages provided in this chapter (section 41-02-89), but less expenses saved in consequence of the buyer's breach.
2. If the measure of damages provided in subsection 1 is inadequate to put the seller in as good a position as performance would have done, then the measure of damages is the profit (including reasonable overhead) which the seller would have made from full performance by the buyer, together with any incidental damages provided in this chapter (section 41-02-89), due allowance for costs reasonably incurred and due credit for payments or proceeds of resale.
Cite this article: FindLaw.com - North Dakota Century Code Title 41. Uniform Commercial Code § 41-02-87. (2-708) Seller's damages for nonacceptance or repudiation - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-41-uniform-commercial-code/nd-cent-code-sect-41-02-87/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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