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Source Jurisdiction in Family Law Matters Complete Family Law for MPT List Showing the closest available flashcard practice.

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0 tracked cards Contracts

A buyer contracted to buy 1,000 parts for $10 each. The seller repudiated. The buyer promptly and reasonably bought substitute parts for $13 each and incurred $500 in reasonable incidental expenses. The buyer saved $200 in shipping costs because of the breach.
Which statement best describes the buyer's cover damages?

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The buyer cannot cover unless the seller agrees to the substitute purchase. The buyer's cover damages generally equal the cost of reasonable good-faith cover minus the contract price, plus incidental and consequential damages, less expenses saved. The buyer must cover or lose all remedies. Cover damages are available only to sellers.

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