New Jersey § 12a:2-708
Full text of New Jersey New Jersey Statutes § 12a:2-708, with citation guidance and answers to common questions.
§ 12a:2-708.
(1) Subject to subsection (2) and to the provisions of this Chapter with respect to
proof of market price (12A:2-723), the measure of damages for non-acceptance 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 Chapter (12A: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
Chapter (12A:2-710), due allowance for costs reasonably incurred and due credit for
payments or proceeds of resale.
Frequently Asked Questions About New Jersey § 12a:2-708
What does New Jersey Statutes § 12a:2-708 cover?
Section 12a:2-708 is part of the New Jersey Statutes, the codified statutory law of New Jersey. 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 New Jersey § 12a:2-708?
A common citation format is "New Jersey Statutes § 12a:2-708" (New Jersey). 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 New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 12a:2-708 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey 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 New Jersey.