{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/8.2-723.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/8.2-723.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/8.2-723.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/8.2-723.html"}],"law_id":84785,"edition_id":1,"section_id":84785,"structure_id":14714,"section_number":"8.2-723","catch_line":"Proof of market price; time and place","history":"1964, c. 219.","full_text":"1\n\nIf an action based on anticipatory repudiation comes to trial before the time for performance with respect to some or all of the goods, any damages based on market price (&#xA7; 8.2-708 or &#xA7; 8.2-713) shall be determined according to the price of such goods prevailing at the time when the aggrieved party learned of the repudiation.2\n\nIf evidence of a price prevailing at the times or places described in this title is not readily available the price prevailing within any reasonable time before or after the time described or at any other place which in commercial judgment or under usage of trade would serve as a reasonable substitute for the one described may be used, making any proper allowance for the cost of transporting the goods to or from such other place.3\n\nEvidence of a relevant price prevailing at a time or place other than the one described in this title offered by one party is not admissible unless and until he has given the other party such notice as the court finds sufficient to prevent unfair surprise.","order_by":null,"text":{"0":{"id":303787,"text":"If an action based on anticipatory repudiation comes to trial before the time for performance with respect to some or all of the goods, any damages based on market price (&#xA7; 8.2-708 or &#xA7; 8.2-713) shall be determined according to the price of such goods prevailing at the time when the aggrieved party learned of the repudiation.","type":"section","prefixes":["1"],"prefix":"1","entire_prefix":"1","prefix_anchor":"1","level":1,"next_prefix":"2"},"1":{"id":303788,"text":"If evidence of a price prevailing at the times or places described in this title is not readily available the price prevailing within any reasonable time before or after the time described or at any other place which in commercial judgment or under usage of trade would serve as a reasonable substitute for the one described may be used, making any proper allowance for the cost of transporting the goods to or from such other place.","type":"section","prefixes":["2"],"prefix":"2","entire_prefix":"2","prefix_anchor":"2","level":1,"prior_prefix":"1","next_prefix":"3"},"2":{"id":303789,"text":"Evidence of a relevant price prevailing at a time or place other than the one described in this title offered by one party is not admissible unless and until he has given the other party such notice as the court finds sufficient to prevent unfair surprise.","type":"section","prefixes":["3"],"prefix":"3","entire_prefix":"3","prefix_anchor":"3","level":1,"prior_prefix":"2"}},"ancestry":[{"id":14714,"edition_id":1,"name":"Remedies","identifier":"7","label":"part","depth":2,"order_by":1,"parent_id":13346,"metadata":{},"date_created":"2026-06-26 03:49:27","date_modified":"2026-06-26 03:49:27","permalink":{"id":282265,"object_type":"structure","relational_id":14714,"identifier":"7","token":"8.2\/7","url":"\/8.2\/7\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13346,"edition_id":1,"name":"Commercial Code - Sales","identifier":"8.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:41","date_modified":"2026-06-26 03:44:41","permalink":{"id":281931,"object_type":"structure","relational_id":13346,"identifier":"8.2","token":"8.2","url":"\/8.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":85835,"structure_id":14714,"section_number":"8.2-701","catch_line":"Remedies for breach of collateral contracts not impaired","url":"\/8.2-701\/","token":"8.2\/7\/8.2-701","metadata":false},{"id":69584,"structure_id":14714,"section_number":"8.2-702","catch_line":"Seller's remedies on discovery of buyer's insolvency","url":"\/8.2-702\/","token":"8.2\/7\/8.2-702","metadata":false},{"id":78574,"structure_id":14714,"section_number":"8.2-703","catch_line":"Seller's remedies in general","url":"\/8.2-703\/","token":"8.2\/7\/8.2-703","metadata":false},{"id":83665,"structure_id":14714,"section_number":"8.2-704","catch_line":"Seller's right to identify goods to the contract notwithstanding breach or to salvage unfinished goods","url":"\/8.2-704\/","token":"8.2\/7\/8.2-704","metadata":false},{"id":87075,"structure_id":14714,"section_number":"8.2-705","catch_line":"Seller's stoppage of delivery in transit or otherwise","url":"\/8.2-705\/","token":"8.2\/7\/8.2-705","metadata":false},{"id":66214,"structure_id":14714,"section_number":"8.2-706","catch_line":"Seller's resale including contract for resale","url":"\/8.2-706\/","token":"8.2\/7\/8.2-706","metadata":false},{"id":76676,"structure_id":14714,"section_number":"8.2-707","catch_line":"\"Person in the position of a seller.\"","url":"\/8.2-707\/","token":"8.2\/7\/8.2-707","metadata":false},{"id":84104,"structure_id":14714,"section_number":"8.2-708","catch_line":"Seller's damages for nonacceptance or repudiation","url":"\/8.2-708\/","token":"8.2\/7\/8.2-708","metadata":false},{"id":69334,"structure_id":14714,"section_number":"8.2-709","catch_line":"Action for the price","url":"\/8.2-709\/","token":"8.2\/7\/8.2-709","metadata":false},{"id":77135,"structure_id":14714,"section_number":"8.2-710","catch_line":"Seller's incidental damages","url":"\/8.2-710\/","token":"8.2\/7\/8.2-710","metadata":false},{"id":71698,"structure_id":14714,"section_number":"8.2-711","catch_line":"Buyer's remedies in general; buyer's security interest in rejected goods","url":"\/8.2-711\/","token":"8.2\/7\/8.2-711","metadata":false},{"id":76129,"structure_id":14714,"section_number":"8.2-712","catch_line":"\"Cover\"; buyer's procurement of substitute goods","url":"\/8.2-712\/","token":"8.2\/7\/8.2-712","metadata":false},{"id":66860,"structure_id":14714,"section_number":"8.2-713","catch_line":"Buyer's damages for nondelivery or repudiation","url":"\/8.2-713\/","token":"8.2\/7\/8.2-713","metadata":false},{"id":56369,"structure_id":14714,"section_number":"8.2-714","catch_line":"Buyer's damages for breach in regard to accepted goods","url":"\/8.2-714\/","token":"8.2\/7\/8.2-714","metadata":false},{"id":62991,"structure_id":14714,"section_number":"8.2-715","catch_line":"Buyer's incidental and consequential damages","url":"\/8.2-715\/","token":"8.2\/7\/8.2-715","metadata":false},{"id":83382,"structure_id":14714,"section_number":"8.2-716","catch_line":"Buyer's right to specific performance or detinue","url":"\/8.2-716\/","token":"8.2\/7\/8.2-716","metadata":false},{"id":82961,"structure_id":14714,"section_number":"8.2-717","catch_line":"Deduction of damages from the price","url":"\/8.2-717\/","token":"8.2\/7\/8.2-717","metadata":false},{"id":65551,"structure_id":14714,"section_number":"8.2-718","catch_line":"Liquidation or limitation of damages; deposits","url":"\/8.2-718\/","token":"8.2\/7\/8.2-718","metadata":false},{"id":76593,"structure_id":14714,"section_number":"8.2-719","catch_line":"Contractual modification or limitation of remedy","url":"\/8.2-719\/","token":"8.2\/7\/8.2-719","metadata":false},{"id":57861,"structure_id":14714,"section_number":"8.2-720","catch_line":"Effect of \"cancellation\" or \"rescission\" on claims for antecedent breach","url":"\/8.2-720\/","token":"8.2\/7\/8.2-720","metadata":false},{"id":70494,"structure_id":14714,"section_number":"8.2-721","catch_line":"Remedies for fraud","url":"\/8.2-721\/","token":"8.2\/7\/8.2-721","metadata":false},{"id":73811,"structure_id":14714,"section_number":"8.2-722","catch_line":"Who can sue third parties for injury to goods","url":"\/8.2-722\/","token":"8.2\/7\/8.2-722","metadata":false},{"id":84785,"structure_id":14714,"section_number":"8.2-723","catch_line":"Proof of market price; time and place","url":"\/8.2-723\/","token":"8.2\/7\/8.2-723","metadata":false},{"id":71937,"structure_id":14714,"section_number":"8.2-724","catch_line":"Admissibility of market quotations (subdivision (17) of Supreme Court Rule 2:803 derived from this section)","url":"\/8.2-724\/","token":"8.2\/7\/8.2-724","metadata":false},{"id":73642,"structure_id":14714,"section_number":"8.2-725","catch_line":"Statute of limitations in contracts for sale","url":"\/8.2-725\/","token":"8.2\/7\/8.2-725","metadata":false}],"previous_section":{"id":73811,"structure_id":14714,"section_number":"8.2-722","catch_line":"Who can sue third parties for injury to goods","url":"\/8.2-722\/","token":"8.2\/7\/8.2-722","metadata":false},"next_section":{"id":71937,"structure_id":14714,"section_number":"8.2-724","catch_line":"Admissibility of market quotations (subdivision (17) of Supreme Court Rule 2:803 derived from this section)","url":"\/8.2-724\/","token":"8.2\/7\/8.2-724","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.2-723\/","history_text":"<p>This law was first created in 1964. The record of its establishment is cataloged in chapter 219 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1964 \u201cActs\u201d aren\u2019t available online.<\/p>","references":[{"id":84104,"section_number":"8.2-708","catch_line":"Seller's damages for nonacceptance or repudiation","order_by":null,"url":"\/8.2-708\/"},{"id":66860,"section_number":"8.2-713","catch_line":"Buyer's damages for nondelivery or repudiation","order_by":null,"url":"\/8.2-713\/"}],"refers_to":[{"id":84104,"section_number":"8.2-708","catch_line":"Seller's damages for nonacceptance or repudiation","order_by":null,"url":"\/8.2-708\/"},{"id":66860,"section_number":"8.2-713","catch_line":"Buyer's damages for nondelivery or repudiation","order_by":null,"url":"\/8.2-713\/"}],"permalink":{"id":282355,"object_type":"law","relational_id":84785,"identifier":"8.2-723","token":"8.2\/7\/8.2-723","url":"\/8.2-723\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/8.2-723\/","token":"8.2\/7\/8.2-723","dublin_core":{"Title":"Proof of market price; time and place","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.2-723","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section id=\"1\"><p><span class=\"prefix-number\">1.<\/span> If an action based on anticipatory repudiation comes to <span class=\"dictionary\">trial<\/span> before the time for performance with respect to some or all of the goods, any <span class=\"dictionary\">damages<\/span> based on market price (&#xA7; <a class=\"law\" title=\"Seller&#039;s damages for nonacceptance or repudiation\" href=\"\/8.2-708\/\">8.2-708<\/a> or &#xA7; <a class=\"law\" title=\"Buyer&#039;s damages for nondelivery or repudiation\" href=\"\/8.2-713\/\">8.2-713<\/a>) shall be determined according to the price of such goods prevailing at the time when the <span class=\"dictionary\">aggrieved party<\/span> learned of the repudiation. <a id=\"paragraph-303787\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/8.2-723\/#1\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"2\"><p><span class=\"prefix-number\">2.<\/span> If <span class=\"dictionary\">evidence<\/span> of a price prevailing at the times or places described in this title is not readily available the price prevailing within any reasonable time before or after the time described or at any other place which in commercial <span class=\"dictionary\">judgment<\/span> or under usage of trade would serve as a reasonable substitute for the one described may be used, making any proper allowance for the cost of transporting the goods to or from such other place. <a id=\"paragraph-303788\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/8.2-723\/#2\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t<section id=\"3\"><p><span class=\"prefix-number\">3.<\/span> <span class=\"dictionary\">Evidence<\/span> of a relevant price prevailing at a time or place other than the one described in this title offered by one party is not <span class=\"dictionary\">admissible<\/span> unless and until he has given the other party such notice as the <span class=\"dictionary\">court<\/span> finds sufficient to prevent unfair surprise. <a id=\"paragraph-303789\" class=\"section-permalink\" href=\"https:\/\/vacode.org\/8.2-723\/#3\"><i class=\"fa fa-link\"><\/i><\/a><\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nPROOF OF MARKET PRICE; TIME AND PLACE (\u00a7 8.2-723)\n\n1. If an action based on anticipatory repudiation comes to trial before the time\nfor performance with respect to some or all of the goods, any damages based on\nmarket price (&#xA7; 8.2-708 or &#xA7; 8.2-713) shall be determined according to\nthe price of such goods prevailing at the time when the aggrieved party learned\nof the repudiation.\n\n2. If evidence of a price prevailing at the times or places described in this\ntitle is not readily available the price prevailing within any reasonable time\nbefore or after the time described or at any other place which in commercial\njudgment or under usage of trade would serve as a reasonable substitute for the\none described may be used, making any proper allowance for the cost of\ntransporting the goods to or from such other place.\n\n3. Evidence of a relevant price prevailing at a time or place other than the one\ndescribed in this title offered by one party is not admissible unless and until\nhe has given the other party such notice as the court finds sufficient to\nprevent unfair surprise.\n\nHISTORY: 1964, c. 219.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}