(1) Subject to the provisions of this title with respect to proof of market price (§ 8.2-723), the measure of damages for nondelivery or repudiation by the seller is the difference between the market price at the time when the buyer learned of the breach and the contract price together with any incidental and consequential damages provided in this title (§ 8.2-715), but less expenses saved in consequence of the seller's breach.
(2) Market price is to be determined as of the place for tender or, in cases of rejection after arrival or revocation of acceptance, as of the place of arrival.
1964, c. 219.
Structure Code of Virginia
Title 8.2 - Commercial Code - Sales
§ 8.2-701. Remedies for breach of collateral contracts not impaired
§ 8.2-702. Seller's remedies on discovery of buyer's insolvency
§ 8.2-703. Seller's remedies in general
§ 8.2-705. Seller's stoppage of delivery in transit or otherwise
§ 8.2-706. Seller's resale including contract for resale
§ 8.2-707. "Person in the position of a seller."
§ 8.2-708. Seller's damages for nonacceptance or repudiation
§ 8.2-709. Action for the price
§ 8.2-710. Seller's incidental damages
§ 8.2-711. Buyer's remedies in general; buyer's security interest in rejected goods
§ 8.2-712. "Cover"; buyer's procurement of substitute goods
§ 8.2-713. Buyer's damages for nondelivery or repudiation
§ 8.2-714. Buyer's damages for breach in regard to accepted goods
§ 8.2-715. Buyer's incidental and consequential damages
§ 8.2-716. Buyer's right to specific performance or detinue
§ 8.2-717. Deduction of damages from the price
§ 8.2-718. Liquidation or limitation of damages; deposits
§ 8.2-719. Contractual modification or limitation of remedy
§ 8.2-720. Effect of "cancellation" or "rescission" on claims for antecedent breach
§ 8.2-722. Who can sue third parties for injury to goods