Mitigation of Contract Damages in Sale of Goods Contracts | Practical Law

Mitigation of Contract Damages in Sale of Goods Contracts | Practical Law

This Practice Note gives an overview of the duty of buyers and sellers to mitigate their losses under Article 2 of the Uniform Commercial Code (UCC). It discusses the buyer's and seller's obligation to mitigate, resale remedies, and the impact of incidental and consequential damages.

Mitigation of Contract Damages in Sale of Goods Contracts

Practical Law Practice Note 7-557-4805 (Approx. 9 pages)

Mitigation of Contract Damages in Sale of Goods Contracts

by Practical Law Commercial Transactions
Maintained • USA (National/Federal)
This Practice Note gives an overview of the duty of buyers and sellers to mitigate their losses under Article 2 of the Uniform Commercial Code (UCC). It discusses the buyer's and seller's obligation to mitigate, resale remedies, and the impact of incidental and consequential damages.