Uniform Commerical Code

Uniform Commerical Code - Uniform Commercial Codes Acts and...

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Unformatted text preview: Uniform Commercial Codes, Acts, and Articles Uniform Commercial Codes, Acts, and Articles Contract review problems 1. 2-708(2)- Recovery of full contract price of profit under full performance in a binding contract (7) a. The measure of the damages owed to the seller is the profit (including reasonable overhead) which the seller would have made from full performance by the buyer in addition to any other damages 2. 2-708(1)- Specially manufactured items. The difference between market and contract price. (7) a. The measure of damages for non-acceptance by the buyer is the difference between the contract price and the market price at the time and place for tender plus any other damages provided in 2-710, but less expenses saved in consequence of the buyers breach 3. 2-710- Incidental damages due to storage charges from breach. (7) a. Incidental damages include any commercially reasonable charges, expenses or commissions incurred in stopping delivery, in the transportation, care and custody of good, in connection with return or resale of the goods or otherwise resulting from the breach b. Consequential damages include any loss resulting from general or particular requirements and needs of which the buyer at the time of contracting had reason to know and which could not be reasonably prevented – in a consumer contract, sellers cannot recover consequential damages...
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This note was uploaded on 12/05/2010 for the course AEM 3200 taught by Professor Grossman,d. during the Fall '07 term at Cornell.

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Uniform Commerical Code - Uniform Commercial Codes Acts and...

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