flowchart - ucc remedies
TRANSCRIPT
Restitution 2-711(2)(a)
Specific Performance 2-716
Fails to Deliver/Repudiate
Cover = 2-712 + 2-713 (sub -
K + incid/conseq -
loss avoid)
Doesn't Cover = 2-713 +
2-715 (mkt-K +incid/conseq - loss avoid)
2-711
Delivers w/ Defect
Keep Goods = 2-714 + 2-715
Doesn't Want to Keep Goods
Reject Goods 2-601
Seller's Right to Cure 2-508
Revoke 2-608 (substantial impairment)
BUYER'S REMEDIES
SELLER'S REMEDIES
2-703
Repudiate, Refuse Delivery, Reject w
Justification
Resell = 2-706 + 2-710 (K-resale +
incid - loss avoided)
*reasonable good faith resale
No Resale = 2-708 + 2-710
(Mkt - K + incid - loss avoided)
*MP @ time/place tender
Accept, Insufficient Payment
2-709(1) Seller Specific
Performance
Liquidated Damages
2-718(2)(b) = lesser of $500
or 20%
*NO Consequential for Seller