Iowa Code 554.2712 – “Cover” — buyer’s procurement of substitute goods
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Terms Used In Iowa Code 554.2712
- 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.
554.2712 “”Cover”” — buyer’s procurement of substitute goods.
1. After a breach within § 554.2711 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.
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 hereinafter defined (section 554.2715), 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.
[C66, 71, 73, 75, 77, 79, 81, §554.2712]
2008 Acts, ch 1032, §77
Referred to in §554.2103, 554.2711
1. After a breach within § 554.2711 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.
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 hereinafter defined (section 554.2715), 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.
[C66, 71, 73, 75, 77, 79, 81, §554.2712]
2008 Acts, ch 1032, §77
Referred to in §554.2103, 554.2711