                                 CODE OF VIRGINIA

BUYER&#8217;S DAMAGES FOR NONDELIVERY OR REPUDIATION (§ 8.2-713)

1. Subject to the provisions of this title with respect to proof of market price
(&#xA7; 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 (&#xA7; 8.2-715), but less expenses
saved in consequence of the seller&#8217;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.

HISTORY: 1964, c. 219.