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Flowchart - UCC Remedies

The document outlines the buyer and seller remedies under contract law. It shows that if a seller fails to deliver goods or repudiates the contract, the buyer can cover by purchasing substitute goods and suing for damages, or claim damages for any losses. If goods are delivered with a defect, the buyer can keep the goods and sue for damages, reject the goods, or revoke acceptance. The seller's remedies include reselling goods if the buyer breaches and suing for damages, or claiming damages directly.

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sgussack
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© Attribution Non-Commercial (BY-NC)
Available Formats
Download as PDF, TXT or read online on Scribd
8K views

Flowchart - UCC Remedies

The document outlines the buyer and seller remedies under contract law. It shows that if a seller fails to deliver goods or repudiates the contract, the buyer can cover by purchasing substitute goods and suing for damages, or claim damages for any losses. If goods are delivered with a defect, the buyer can keep the goods and sue for damages, reject the goods, or revoke acceptance. The seller's remedies include reselling goods if the buyer breaches and suing for damages, or claiming damages directly.

Uploaded by

sgussack
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as PDF, TXT or read online on Scribd
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BUYER'S REMEDIES

Restitution Specific Performance


2-711
2-711(2)(a) 2-716

Fails to
Delivers w/ Defect
Deliver/Repudiate

Cover = 2-712 Doesn't Cover


+ 2-713 (sub - = 2-713 + Doesn't Want
Keep Goods =
K+ 2-715 (mkt-K to Keep
2-714 + 2-715
incid/conseq - +incid/conseq Goods
loss avoid) - loss avoid)

Reject Goods Revoke 2-608


2-601 (substantial
impairment)

Seller's Right to
Cure 2-508

SELLER'S REMEDIES

2-703 Liquidated
Damages
2-718(2)(b) =
lesser of $500
or 20%

Repudiate, Refuse
Delivery, Reject w Accept,
Justification Insufficient
Payment
2-709(1) Seller *NO Consequential
Specific for Seller
Performance

Resell = 2-706 + No Resale =


2-710 (K-resale + 2-708 + 2-710
incid - loss (Mkt - K + incid -
avoided) loss avoided)
*reasonable *MP @
good faith resale time/place tender

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