Oregon Statutes 72.7120 – Cover; buyers procurement of substitute goods
Current as of: 2023 | Check for updates
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(1) After a breach within ORS § 72.7110 the buyer may ‘cover’ by making in good faith and without unreasonable delay any reasonable purchase of or contract to purchase goods in substitution for those due from the seller.
Terms Used In Oregon Statutes 72.7120
- Buyer: means a person who buys or contracts to buy goods. See Oregon Statutes 72.1030
- Contract: A legal written agreement that becomes binding when signed.
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Seller: means a person who sells or contracts to sell goods. See Oregon Statutes 72.1030
(2) The buyer may recover from the seller as damages the difference between the cost of cover and the contract price together with any incidental or consequential damages as defined in ORS § 72.7150, but less expenses saved in consequence of the seller’s breach.
(3) Failure of the buyer to effect cover within this section does not bar the buyer from any other remedy. [1961 c.726 § 72.7120]