Seller Remedies- Flow Chart

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  • 7/28/2019 Seller Remedies- Flow Chart

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    Seller Remedies-UCC

    2-703- Sellers Remedies in General

    In the event that the buyer has wrongfully rejected goods/revoked acceptance

    of goods/fails to make a payment, the seller may

    Withhold delivery Resell and recover damages (2-706) Recover damages for non acceptance or the K price Obtain Spec.Perform Recover liquidated damages Reclaim the goods

    2-706- Sellers Resale Seller may resell the

    goods in good faith and in

    a commercially

    reasonable manner Damages- Seller may

    recover

    o The difference b/wthe resale price

    and the K price

    +incidental

    damages

    2-708- Sellers Damages for Non

    acceptance of Goods

    Difference b/w the marketprice at the time fortender + the K price

    (subject to 2-723) + Incidental Damages (2-

    710) - Expenses saved Seller may also

    2-708- Lost Prof

    If 2-706 an2-708(1) d

    not make t

    seller who Buyer may

    recover los

    profits +incidental

    damages Lost Volum

    included

    2-710- Incidental Damages Includes any commercially reasonable charges related

    to the buyers breach Includes

    o Stoppage of Delivery(2-705)o Care and custody of the goods after the breacho The return or resale of goodso Actions otherwise resulting from the goods