2010 Georgia Code
TITLE 11 - COMMERCIAL CODE
ARTICLE 2 - SALES
PART 7 - REMEDIES
§ 11-2-708 - Seller's damages for nonacceptance or repudiation
. Seller's damages for nonacceptance or repudiation
(1) Subject to subsection (2) of this Code section and to the provisions of this article with respect to proof of market price (Code Section 11-2-723
), 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 article (Code Section 11-2-710
), but less expenses saved in consequence of the buyer's breach.
(2) If the measure of damages provided in subsection (1) of this Code section 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 article (Code Section 11-2-710
), due allowance for costs reasonably incurred and due credit for payments or proceeds of resale.
Graham Syfert - Jacksonville Lawyer