New Jersey § 12a:2-723
Full text of New Jersey New Jersey Statutes § 12a:2-723, with citation guidance and answers to common questions.
§ 12a:2-723.
(1) 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 (12A:2-708 or 12A: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) If evidence of a price prevailing at the times or places described in this Chapter
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) Evidence of a relevant price prevailing at a time or place other than the one
described in this Chapter 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.
Frequently Asked Questions About New Jersey § 12a:2-723
What does New Jersey Statutes § 12a:2-723 cover?
Section 12a:2-723 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:2-723?
A common citation format is "New Jersey Statutes § 12a:2-723" (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:2-723 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.