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Seller's Remedies

Learn about the seller’s default and principal remedy afforded by Article 2.

Transcript

In the event of a breach, Article 2 affords the nonbreaching party various remedies. The primary purpose of these remedies is to put the nonbreaching party in the same position as they would’ve been in had the parties performed under the contract.

We’ll start our discussion of remedies by considering those available to a nonbreaching seller.

I. Seller’s Remedies

Under Article 2, if the buyer breaches the parties’ contract through wrongful rejection, wrongful revocation, nonpayment, or...

Lessons

    • 1. Welcome to Sales
    • Welcome to Sales
    2. Introduction to UCC Article 2
    • Scope of Article 2: Transactions in Goods
    • Distinguishing Goods and Services Contracts
    • Key Terms in Article 2
    3. Contract Formation and Modification
    • Contract Formation and Modification
    • Battle of the Forms
    • The Statute of Frauds
    • The Parol Evidence Rule
    4. Contract Interpretation
    • Article 2 Gap-Fillers
    • Risk of Loss
    • Additional Interpretive Devices
    5. Performance
    • The Perfect-Tender Rule and the Right to Cure
    • Inspection and Acceptance
    • Rejection and Revocation
    6. Breach, Repudiation, and Excuse
    • Anticipatory Repudiation
    • Adequate Assurance
    • Impracticability of Performance
    7. UCC Article 2 Warranties
    • Express Warranties
    • Implied Warranty of Merchantability
    • Implied Warranty of Fitness
    • Excluding and Modifying Warranties
    8. Remedies
    • Seller's Remedies
    • Seller's Alternative Remedies
    • Buyer's Remedies for Nondelivery
    • Buyer's Remedies for Accepted Goods
    • Buyer's Incidental and Consequential Damages