Analogous to mitigation of damages ordinary contract law

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A. Explain the concept of "cover". How is "cover" similar or analogous to "mitigation of damages" under ordinary contract law?

B. If I am a buyer of goods and the seller repudiates or fails to deliver what I purchased, what remedies do I have besides "cover"? If I am entitled to recover monetary damages from the seller, what can I get?

C. Why do we look to the market price at the place of delivery to determine the buyer's damages? Say the place of delivery is somewhere other than the buyer's business address. Can you think of an example in which the market price might be lower in the area local to the seller? In that case, might the seller prefer a damage calculation based on the seller's local market? How might the seller plan ahead, just in case something goes haywire?

Reference no: EM13279917

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