12.05.080 Buyer's Damages for Nondelivery or Repudiation

(a) 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 consequential and incidental damages, but less expenses saved in consequence of the seller's breach.

(b) Market price is to be determined as of the place of tender or, in cases of rejection after arrival or revocation of acceptance, as of the place of arrival.