Asked by
Joseline Ortega
on Nov 30, 2024Verified
A buyer who does not cover is precluded from consequential damages that could have been prevented if the buyer did obtain cover.
Consequential Damages
Refers to indirect or secondary financial losses suffered as a result of a breach of contract, beyond the immediate scope of the contractual obligations.
Cover
In the context of contracts, the term refers to a buyer's procurement of goods as a substitute for those promised but not delivered by the seller.
- Recognize the conditions under which consequential and incidental damages can be recovered.
Verified Answer
AJ
Learning Objectives
- Recognize the conditions under which consequential and incidental damages can be recovered.