Final answer:
The measure of damages for a nonbreaching buyer who procures cover is the difference between the contract price and the cover price, plus incidental or consequential damages, minus expenses saved due to breach.
Step-by-step explanation:
The measure of damages for the nonbreaching buyer who procures cover is a legal issue relating to the remedies available in a sales contract when one party fails to fulfill their contractual obligations, particularly under the Uniform Commercial Code (UCC). In this scenario, the law typically allows the nonbreaching party to cover by obtaining the goods from another source. The measure of damages is then the difference between the contract price and the cover price, plus any incidental or consequential damages, minus expenses saved as a result of the breach. This aims to put the nonbreaching buyer in as good a position as they would have been in if the other party had fulfilled the contract.
For example, if a buyer had a contract to purchase goods for $1,000 and the seller breached the contract, the buyer may procure the same goods elsewhere for $1,200. The measure of damages would be $200, the additional amount paid, plus any other losses the buyer encountered due to the breach, such as the costs to find a new seller. An understanding of this law principle is crucial as it helps maintain the balance and fairness within commercial transactions, ensuring nonbreaching parties are adequately compensated.