Maine § 2-708. - Seller's damages for nonacceptance or repudiation
Full text of Maine Maine Revised Statutes § 2-708. — Seller's damages for nonacceptance or repudiation, with citation guidance and answers to common questions.
§ 2-708.. Seller's damages for nonacceptance or repudiation
(1). Subject to subsection (2) and to the provisions of this Article with respect to proof of market price (section 2‑723), the measure of damages for nonacceptance or repudiation by the buyer is the difference between the market price at the time and place for tender and the unpaid contract price together with any incidental damages provided in this Article (section 2‑710), but less expenses saved in consequence of the buyer's breach.
(2). If the measure of damages provided in subsection (1) is inadequate to put the seller in as good a position as performance would have done, then the measure of damages is the profit (including reasonable overhead) which the seller would have made from full performance by the buyer, together with any incidental damages provided in this Article (section 2‑710), due allowance for costs reasonably incurred and due credit for payments or proceeds of resale.
Source: official Maine text · Last verified 2026-08-27
Frequently Asked Questions About Maine § 2-708.
What does Maine Revised Statutes § 2-708. cover?
Section 2-708. ("Seller's damages for nonacceptance or repudiation") is part of the Maine Revised Statutes, the codified statutory law of Maine. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maine § 2-708.?
A common citation format is "Maine Revised Statutes § 2-708." (Maine). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maine law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maine official source linked on this page or consult a licensed Maine attorney.
How does Maine § 2-708. apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maine can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maine.