The Vermont Statutes Online
Uniform Commercial Code
2-713. Buyer's damages for non-delivery or repudiation
(1) Subject to
the provisions of this article with respect to proof of market price (§ 2-723),
the measure of damages for non-delivery 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 incidental and consequential
damages provided in this article (§ 2-715), but less expenses saved in
consequence of the seller's breach.
(2) Market price
is to be determined as of the place for tender or, in cases of rejection after
arrival or revocation of acceptance, as of the place of arrival.