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Maria Gomez
on Nov 30, 2024

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On the seller's breach, if the buyer makes substitute purchases in good faith and without unreasonable delay, she may recover, as damages, the difference between the cost of cover and the contract price, plus incidental damages but minus any expenses she saved because of the seller's breach.

Substitute Purchases

Substitute Purchases refer to the buying of goods or services as a replacement for those which were part of a contract that was not fulfilled as agreed.

Incidental Damages

Secondary or additional expenses incurred by a non-breaching party to mitigate losses following a breach of contract.

Contract Price

The total agreed-upon amount that will be paid for the completion of contractual obligations.

  • Familiarize oneself with the ramifications and recovery options available in the event that a sales contract is violated by a buyer or seller.
  • Understand the scenarios in which consequential and incidental damages can be compensated.
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Erika CantimbuhanDec 03, 2024
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